CONGRESS FOR VOTERS

David McCormick (R-PA)

Terrorism Risk Insurance Program Reauthorization Act of 2026

S. 4395 · Senate bill Finance and Financial Sector

A Republican bill with 20 Democratic cosponsors · See all 42 cosponsors

Last activity — Held at the desk.

Passed one chamber, waiting for the other to take it up

Passed one chamber, and the other has not yet sent it to a committee or put it on its calendar.

The other chamber will hand it to a committee, place it on its calendar, or leave it where it is. Nothing has been decided, and a bill can sit here indefinitely.

Its path through Congress

  1. Introduced
  2. Passed Senate unanimous consent
  3. Awaiting House

The Senate by unanimous consent (no one objected, so there was no vote): no senator's position on it was recorded.

What this bill would do

This bill is known as the Terrorism Risk Insurance Program Reauthorization Act of 2026. It extends the Terrorism Risk Insurance Act of 2002 by seven years. The new termination date for the program is changed from 2027 to 2034. It also updates the timing for mandatory recoupment in Section 103(e)(7)(E)(i). The Senate passed this act on September 28, 2026.

Yes· 3 of 5

  • Scored +3

    Is this likely to grow the economy?

    Extending the Terrorism Risk Insurance Program provides stability and confidence for commercial real estate and business investments.

  • Scored +3

    Does this make it easier to run a small business?

    Small businesses benefit from continued market stability and availability of terrorism risk insurance.

  • Scored +3

    Would business owners be better off under this?

    Business owners benefit from the extended availability and affordability of terrorism risk insurance coverage.

The opposite

No question was scored the opposite.