PSI Sci
New here? Follow the money and the votes · Not sure of your district? Find your U.S. House member · Find your state legislators

Before you vote › Federal bills

S. 4395: Terrorism Risk Insurance Program Reauthorization Act of 2026

119th Congress · introduced 2026-04-27 · Finance and Financial Sector · Latest: Held at the desk.

federal

What does this mean?

Official title

Terrorism Risk Insurance Program Reauthorization Act of 2026

Plain summary

Terrorism Risk Insurance Program Reauthorization Act of 2026 This bill reauthorizes the Terrorism Risk Insurance Program through 2034. The program covers a portion of the losses incurred by private insurers for property and casualty insurance coverage for terrorism risk.

Congressional Research Service summary (Passed Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Terrorism Risk Insurance Program Reauthorization Act of 2026

Source: Congressional Research Service summary (Passed Senate)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

Officials and money

Sponsor: Sen. McCormick, David [R-PA] · 42 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

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

Sponsor's campaign money: Sen. McCormick, David [R-PA] reported raising $6.7 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-s4395 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills