# 119-s-4395: Terrorism Risk Insurance Program Reauthorization Act of 2026

119-s-4395, Terrorism Risk Insurance Program Reauthorization Act of 2026, is a 119th Congress bill sponsored by Sen. McCormick, David [R-PA] (R-PA); status passed_senate; PRIA reads it as touching household money (as of 2026-10-16).

- Canonical: https://policyrisk.com/legislation/119-s-4395
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4395
- Congress: 119
- Title: Terrorism Risk Insurance Program Reauthorization Act of 2026
- Status: passed_senate
- Introduced: 2026-04-27
- Sponsor: Sen. McCormick, David [R-PA] (R-PA)
- Cosponsors: 42
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-16

## Summary

**Extends the federal terrorism-insurance backstop to 2034.** It keeps the Terrorism Risk Insurance Act framework in place and moves the schedule for mandatory recoupment of federal payments into the late 2020s and early 2030s. - Insurers: Companies that rely on the TRIA backstop keep that federal support through 2034, preserving the program’s availability for the insurance market. - Businesses and policyholders: Buyers of terrorism coverage face no changes to eligibility and still have access to the TRIA framework under the new termination date of 2034. - Federal recoupment timing: The law updates several recoupment dates in TRIA so mandatory repayment triggers occur later, pushing those dates into the late 2020s and early 2030s.

## Cosponsors (42)

- Sen. Luján, Ben Ray [D-NM] (D-NM), 2026-09-24T00:00:00.000Z
- Sen. Budd, Ted [R-NC] (R-NC), 2026-09-24T00:00:00.000Z
- Sen. Ricketts, Pete [R-NE] (R-NE), 2026-04-27T00:00:00.000Z
- Sen. Cortez Masto, Catherine [D-NV] (D-NV), 2026-04-27T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2026-04-27T00:00:00.000Z
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD), 2026-04-27T00:00:00.000Z
- Sen. Crapo, Mike [R-ID] (R-ID), 2026-04-27T00:00:00.000Z
- Sen. Warnock, Raphael G. [D-GA] (D-GA), 2026-04-27T00:00:00.000Z
- Sen. Rounds, Mike [R-SD] (R-SD), 2026-04-27T00:00:00.000Z
- Sen. Blunt Rochester, Lisa [D-DE] (D-DE), 2026-04-27T00:00:00.000Z
- Sen. Hagerty, Bill [R-TN] (R-TN), 2026-04-27T00:00:00.000Z
- Sen. Schumer, Charles E. [D-NY] (D-NY), 2026-04-27T00:00:00.000Z
- Sen. Banks, Jim [R-IN] (R-IN), 2026-04-27T00:00:00.000Z
- Sen. Moreno, Bernie [R-OH] (R-OH), 2026-04-27T00:00:00.000Z
- Sen. Lummis, Cynthia M. [R-WY] (R-WY), 2026-04-27T00:00:00.000Z
- Sen. Smith, Tina [D-MN] (D-MN), 2026-04-27T00:00:00.000Z
- Sen. Tillis, Thomas [R-NC] (R-NC), 2026-04-27T00:00:00.000Z
- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2026-04-27T00:00:00.000Z
- Sen. Scott, Tim [R-SC] (R-SC), 2026-04-27T00:00:00.000Z
- Sen. Kim, Andy [D-NJ] (D-NJ), 2026-04-27T00:00:00.000Z
- Sen. Kennedy, John [R-LA] (R-LA), 2026-04-27T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2026-04-27T00:00:00.000Z
- Sen. Britt, Katie Boyd [R-AL] (R-AL), 2026-04-27T00:00:00.000Z
- Sen. Warner, Mark R. [D-VA] (D-VA), 2026-04-27T00:00:00.000Z
- Sen. Sheehy, Tim [R-MT] (R-MT), 2026-05-19T00:00:00.000Z
- Sen. Padilla, Alex [D-CA] (D-CA), 2026-05-19T00:00:00.000Z
- Sen. Capito, Shelley Moore [R-WV] (R-WV), 2026-06-04T00:00:00.000Z
- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY), 2026-06-04T00:00:00.000Z
- Sen. Boozman, John [R-AR] (R-AR), 2026-06-09T00:00:00.000Z
- Sen. Baldwin, Tammy [D-WI] (D-WI), 2026-06-09T00:00:00.000Z
- Sen. Shaheen, Jeanne [D-NH] (D-NH), 2026-06-15T00:00:00.000Z
- Sen. Rosen, Jacky [D-NV] (D-NV), 2026-06-15T00:00:00.000Z
- Sen. Risch, James E. [R-ID] (R-ID), 2026-07-20T00:00:00.000Z
- Sen. Blumenthal, Richard [D-CT] (D-CT), 2026-07-20T00:00:00.000Z
- Sen. Moran, Jerry [R-KS] (R-KS), 2026-07-29T00:00:00.000Z
- Sen. Schatz, Brian [D-HI] (D-HI), 2026-07-29T00:00:00.000Z
- Sen. Daines, Steve [R-MT] (R-MT), 2026-08-03T00:00:00.000Z
- Sen. Hirono, Mazie K. [D-HI] (D-HI), 2026-08-03T00:00:00.000Z
- Sen. Young, Todd [R-IN] (R-IN), 2026-09-15T00:00:00.000Z
- Sen. Kaine, Tim [D-VA] (D-VA), 2026-09-15T00:00:00.000Z
- Sen. Fischer, Deb [R-NE] (R-NE), 2026-09-17T00:00:00.000Z
- Sen. King, Angus S., Jr. [I-ME] (I-ME), 2026-09-17T00:00:00.000Z

## Provisions PRIA read

- Business terrorism insurance backstop through 2034: mixed, medium. If enacted, the bill would extend the federal terrorism risk insurance backstop from 2027 to 2034. It would move Treasury’s mandatory recoupment dates later: earlier triggers in 2022–2024 and 2029 would be replaced with 2029–2031 and 2036. If mandatory recoupment applies, any policy surcharges used…

## Related bills

- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.
- 119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for the State of California.
- 119-sres-723: A resolution honoring the life of Dirk Arthur Kempthorne, former United States Senator for the State of Idaho.

## Sources
- [119-s-4395 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4395)

## Related
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for…](https://policyrisk.com/legislation/119-sres-739)
- [119-sres-723: A resolution honoring the life of Dirk Arthur Kempthorne, former United States…](https://policyrisk.com/legislation/119-sres-723)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4395 (as of 2026-10-16).