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The Terrorism Risk Insurance Program Reauthorization Act of 2014 or ACRONYM, is/was a bill/law introduced/passed to the 113th United States Congress

Provisions of the bill
This summary is based largely on the summary provided by the Congressional Research Service, a public domain source.

The Terrorism Risk Insurance Program Reauthorization Act of 2014 would amend the Terrorism Risk Insurance Act of 2002 to extend the Terrorism Insurance Program through December 31, 2021.

The bill would decrease 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.

The bill would increase 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.

Congressional Budget Office report
This summary is based largely on the summary provided by the Congressional Budget Office, a public domain source.

Procedural history
Who proposed it, co-sponsors, dates of introduction, sent to committee(s), alterations, voting history, other chamber's actions, conference committee, final passage, signed or veto by president.

Debate and discussion
Media coverage. Organizations and people for or against.