United StatesSenate measure would extend federal terrorism insurance through 2034
The Senate-passed measure would keep the federal terrorism insurance program in place through 2034 and move several dates in its repayment rules.
What it does
The federal terrorism insurance program would remain in place through 2034, instead of ending in 2027.
Several dates in rules for mandatory repayment would move later. The measure replaces dates from 2022 through 2029 with dates from 2029 through 2036.
Argument forKeeping the program available through 2034 could help businesses continue to find insurance for terrorism-related losses.
Argument againstMoving the dates later could keep mandatory repayment rules in place longer, affecting insurers and others covered by the program.
More detail
The measure would move the program’s termination date from 2027 to 2034. This date applies to the federal Terrorism Risk Insurance Program. The program’s termination date would change from 2027 to 2034.
The measure would change several dates in the mandatory repayment rules. The measure changes dates in the program’s rules for mandatory repayment. The amendments replace specified dates: 2022 with 2029, 2023 with 2030, 2024 with 2031, and 2029 with 2036.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 5Message on Senate action sent to the House.Latest
- Oct 5Received in the House.
- Oct 5Held at the desk.
- Sep 28Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. (consideration: CR S5122-5123; text: CR S5123)Passed Senate
- Sep 22Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, without amendment. Without written report.
- Sep 22Placed on Senate Legislative Calendar under General Orders. Calendar No. 672.
- Sep 17Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
- Apr 27Introduced in Senate
- Apr 27Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Introduced
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