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United States · Bill · S

S. 2244 (113th)

Terrorism Risk Insurance Program Reauthorization Act of 2014

openUnited States· United States Congress· EN

Introduced

10 April 2014

Last action

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Status

Message on House action received in Senate and at desk: House amendment to Senate bill.

Sponsors

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Subjects

Discovery layer

Source updated

2 July 2025

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Summary

Terrorism Risk Insurance Program Reauthorization Act of 2014 - Amends the Terrorism Risk Insurance Act of 2002 to extend the Terrorism Insurance Program through December 31, 2021. Decreases the federal share of the compensation for insured losses of an insurer during each Program year after enactment of this Act by 1% until that share equals 80% of that portion of the amount of such insured losses that exceeds the applicable insurer deductible for such Program year. Increases the insurance marketplace aggregate retention amount under such Program (currently $27.5 billion) by $2 billion per calendar year after enactment of this Act until such amount equals $37.5 billion.

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Documents

11 official files

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Sources

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