Why would I not be able to export a sequence containing any of the new Film Impact effects?

I spent nearly two days trying to export an eight-minute YouTube video.  I’m looking for help resolving this, since I have another upcoming project for a client that this will likely impact.

Issue
I am unable to export a sequence that contains any of the recently added Film Impact effects.  After getting multiple GPU Render errors, or sometimes no error message at all, I did a deep dive and concluded these errors were caused by the Film Impact effects on the timeline.  I eventually found error messages pointing to the “Text Animator,” “Cross Dissolve,” and “Burn Alpha.”

Oddly, after attempting a failed export, some of the error messages were seen baked into the sequence on the timeline (example below).

Message Examples

Example error message after exporting failed: https://www.dropbox.com/scl/fi/cuihpt5t2pswd4xhk05ck/Screenshot-2026-03-15-at-10.27.26-PM.png?rlkey=t6tl8iqrd5mrvc8i4x3flcpsl&st=ok6wymcf&dl=0

Error in Timeline: 
https://www.dropbox.com/scl/fi/g0305gqzpzailcq5gnsf1/Error-Message.png?rlkey=qw0nzx5t74x6xdv7w731wwsg5&st=lprjhd3z&dl=0

Specs
I am running the latest version of Premiere 26.0.2 (Build 2)
On a MacBook Pro Apple M2 Max with 96G of memory
1 TB of storage with more than half available

Troubleshooting
In an attempt to achieve a successful export, I tried the usual tactics, including clearing the cache, closing and restarting both Premiere and the computer, trying different codecs and settings, and exporting in Media Composer.

Only when I went through the timeline and removed all of the Film Impact transitions and effects was I successful.

Oddity
Before taking a vacation (roughly two weeks ago), I completed a two-video project for a client that included some of these effects and did not encounter any issues.

Any assistance in helping me figure this out would be appreciated!