Terrorism Judgment Collection Act

This bill, known as the Terrorism Judgment Collection Act, amends the Terrorism Risk Insurance Act of 2002 to provide clarity on a specific legal determination. Its central provision establishes the precise moment for assessing whether a person or entity is considered an agency or instrumentality of a terrorist party.

Specifically, the bill mandates that this status will be determined as of the date when the final judgment holder begins an action for execution or attachment in aid of execution. This change aims to ensure that the relevant status is evaluated at the critical juncture of judgment collection, thereby preventing potential circumvention of liability.