Lets ships get war insurance for Ukraine trade, helping food reach global markets.
This bill would make it easier for commercial ships to get insurance when carrying goods to or from Ukraine for the next five years. This aims to reduce financial risks for shippers and help ensure that important goods, like grain, can leave Ukraine. It would also create a new initiative at the State Department to support Ukraine's economic recovery and global food security.
Today, commercial vessels face significant challenges getting war risk insurance for trade with Ukraine, often limiting what can be shipped and at what cost. After this bill, certain commercial vessels would be eligible for temporary war risk insurance for five years, and more types of cargo would be covered. This would make it easier and safer to move goods, especially food, to and from Ukraine.
HR 3973 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.