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S4395FEDERALSession 119Federal Billin committee

Senate Bill 4395 Extends Terrorism Risk Insurance Program Through 2034 and Adjusts Recoupment Timelines

Original title: Terrorism Risk Insurance Program Reauthorization Act of 2026

Last action · September 17, 2026: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.Sponsors: David McCormick and 40 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

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What This Bill Would Do

The Terrorism Risk Insurance Program Reauthorization Act of 2026 extends the federal Terrorism Risk Insurance Program by seven years to December 31, 2034, and adjusts the statutory timelines for of federal payments.

Why it matters

Extends federal backstops for commercial property and casualty insurers against acts of terrorism, shifting the program expiration deadline and financial recovery milestones by seven years.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Commercial property and casualty insurers

Insurers retain access to the federal backstop for terrorism risk insurance through the extended 2034 expiration date.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the new expiration date for the Terrorism Risk Insurance Program under S. 4395?

The bill extends the program termination date to 2034.

Does the bill alter mandatory recoupment timelines?

Yes, it updates the timing for under section 103(e)(7)(E)(i) of the Terrorism Risk Insurance Act of 2002 by shifting various target years forward, generally by seven years.

What else do you want to know?

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

3 actions

Sep 17, 2026Senate
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
Apr 27, 2026SenateCommittee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 27, 2026SenateIntroduced
Introduced in Senate

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

1607 STRATEGIES, LLC

on behalf of Travelers Companies, Inc. and subsidiaries

2026

INSURANCEFINANCIAL INSTITUTIONS/INVESTMENTS/SECTORTSLAW ENFORCEMENT/CRIME/CRIMINAL JUSTICE

“Issues related to the property and casualty insurance industry. Issues related to the Terrorism Risk Insurance Program. H.R. 7128, TRIA Program Reauthorization Act of 2026, all provisions.”

Senate LDAMatched on title words onlyView filing on LDA.gov →

1607 STRATEGIES, LLC

on behalf of American Property Casualty Insurance Association

2026

INSURANCEBUDGET/APPROPRIATIONSTORTS

“Issues relating to the reauthorization of the National Flood Insurance Program and other Issues related to flood insurance. Issues related to the Fair Credit Reporting Act. Issues regarding environmental policies and their consideration by insurers and state insurance regulators. Issues related to the Terrorism Risk Insurance Program. H.R. 7128, TRIA Program Reauthorization Act of 2026, all provisions.”

Senate LDAMatched on title words onlyView filing on LDA.gov →

1607 STRATEGIES, LLC

on behalf of Travelers Companies, Inc. and subsidiaries

2026

INSURANCEFINANCIAL INSTITUTIONS/INVESTMENTS/SECTORTSLAW ENFORCEMENT/CRIME/CRIMINAL JUSTICE

“Issues related to the property and casualty insurance industry. Issues related to the Terrorism Risk Insurance Program. H.R. 7128, TRIA Program Reauthorization Act of 2026, all provisions.”

Senate LDAMatched on title words onlyView filing on LDA.gov →

1607 STRATEGIES, LLC

on behalf of American Property Casualty Insurance Association

2026

INSURANCEBUDGET/APPROPRIATIONSTORTS

Senate LDAMatched on title words onlyView filing on LDA.gov →

STEPTOE LLP

on behalf of WHOLESALE & SPECIALTY INSURANCE ASSOCIATION

Senate LDAMatched on title words onlyView filing on LDA.gov →