This bill, titled the Terrorism Risk Insurance Program Reauthorization Act of 2026, seeks to reauthorize and extend the Terrorism Risk Insurance Act of 2002. Its central provision is to prolong the program's operational period by seven years , moving the termination date from December 31, 2027, to December 31, 2034. Additionally, the legislation modifies the timing of mandatory recoupment provisions within the Act. These amendments update specific dates related to recoupment periods, ensuring they are consistent with the newly extended duration of the terrorism risk insurance program.