Terrorism Risk Insurance Program Reauthorization Act of 2026
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Summary
This bill extends the Terrorism Risk Insurance Program (TRIP), a federal backstop for insurance claims related to terrorist attacks, for seven additional years through 2034. The bill amends the Terrorism Risk Insurance Act of 2002 to extend the program's termination date and adjusts the timing of mandatory recoupment provisions that allow the federal government to recover costs from the insurance industry.
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