Businesses would keep access to terrorism insurance for 7 more years
This bill would extend a federal program that helps businesses get insurance against terrorism for another seven years. Without this program, terrorism insurance might become too expensive or unavailable, affecting many businesses and property owners across the country. It would also adjust the timelines for when the government collects money back from insurance companies after a major event.
Today, the federal Terrorism Risk Insurance Program is set to end on December 31, 2027. The government's timelines for collecting money back from insurance companies are also tied to specific years like 2022, 2023, 2024, and 2029. If this bill becomes law, the program would be extended by seven years, pushing its end date to December 31, 2034. Additionally, the government's recoupment timelines would be adjusted to later years, such as 2029, 2030, 2031, and 2036. This aligns them with the extended program.
S 4395 · 119th Congress · April 27, 2026 · AI Summary by gemini-2.5-flash · 10/10
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