TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION ACT OF 2026

On 2026-09-28, Senator Mike Lee (R-UT) delivered a floor speech titled "TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION ACT OF 2026" in the Senate.

TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION ACT OF 2026

Congressional Record, Volume 172 Issue 153 (Monday, September 28, 2026) [Congressional Record Volume 172, Number 153 (Monday, September 28, 2026)] [Senate] [Pages S5122-S5123] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION ACT OF 2026 Mr. LEE. Mr. President, I ask unanimous consent that the Senate proceed to the immediate consideration of Calendar No. 672, S. 4395. The PRESIDING OFFICER. The clerk will report the bill by title. The legislative clerk read as follows: A bill (S. 4395) to reauthorize the Terrorism Risk Insurance Act of 2002, and for other purposes. There being no objection, the Senate proceeded to consider the bill. Mr. LEE. I ask unanimous consent that the bill be considered read a third time and passed and that the motion to [[Page S5123]] reconsider be considered made and laid upon the table. The PRESIDING OFFICER. Without objection, it is so ordered. The bill (S. 4395) was ordered to be engrossed for a third reading, was read the third time, and passed as follows: S. 4395 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Terrorism Risk Insurance Program Reauthorization Act of 2026''. SEC. 2. 7-YEAR EXTENSION OF TERRORISM RISK INSURANCE PROGRAM. (a) Termination Date.--Section 108(a) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended by striking ``2027'' and inserting ``2034''. (b) Timing of Mandatory Recoupment.--Section 103(e)(7)(E)(i) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended-- (1) in subclause (I)-- (A) by striking ``2022'' and inserting ``2029''; and (B) by striking ``2024'' and inserting ``2031''; (2) in subclause (II)-- (A) by striking ``2023'' and inserting ``2030''; (B) by striking ``2029'' and inserting ``2036''; and (C) by striking ``2024'' and inserting ``2031''; and (3) in subclause (III)-- (A) by striking ``2029'' and inserting ``2036''; and (B) by striking ``2024'' and inserting ``2031''. ____________________

Referenced legislation: S4395, S4395