# Senate Passes Terrorism Risk Insurance Extension

On September 29, 2026, the U.S. Senate unanimously passed the Terrorism Risk Insurance Program Reauthorization Act of 2026, which proposes extending the federal terrorism-risk insurance backstop for seven years. House passage is still pending, and the current program is set to expire on December 31, 2027. The bill does not create a direct solicitation or contract opportunity, but continuity of terrorism-risk coverage can affect insurance availability, financing, and risk planning for commercial construction, real estate, energy, and transportation projects.

- Contractors, developers, and lenders involved in projects that rely on terrorism-risk coverage should account for the pending House action and the current expiration date in their insurance and project-risk planning.
- If enacted, the proposed extension would provide a longer period of federal backstop continuity; a lapse could affect coverage availability for commercial projects.
- The Senate vote is a legislative development, not a procurement award or funding announcement. No solicitation, contract value, or proposal deadline is identified in the signals.

**Jurisdictions:** federal
**Industries:** Construction & Infrastructure, Energy & Utilities, Transportation
**Topics:** Policy
**Published:** September 30, 2026

### Government Entities
- U.S. Senate
- U.S. House of Representatives
- U.S. Congress

### Key Quotes
> Without this bill, a potential terrorism event would mean an even greater financial catastrophe for businesses and taxpayers. It’s critical that we keep terrorism risk insurance available and affordable to businesses in Minnesota and across the country.
> — Tina Smith, U.S. Senator

> Letting this program lapse would put businesses, workers, and taxpayers at unnecessary risk.
> — Ruben Gallego, U.S. Senator

### Sources
- [Gallego Celebrates Senate Passage of His Bipartisan Bill to Extend Terrorism Risk Insurance](https://www.gallego.senate.gov/news/press-releases/gallego-celebrates-senate-passage-of-his-bipartisan-bill-to-extend-terrorism-risk-insurance/) - Gallego Senate
- [U.S. Senator Tina Smith’s Bipartisan Bill to Extend Terrorism Risk Insurance, Support Housing Construction Passes the Senate Unanimously  - Senator Tina Smith](https://www.smith.senate.gov/u-s-senator-tina-smiths-bipartisan-bill-to-extend-terrorism-risk-insurance-support-housing-construction-passes-the-senate-unanimously/) - Smith Senate