HR7353-118

Introduced

To provide temporary war risk insurance for certain commercial vessels operating importing goods to, or exporting goods from, Ukraine.

118th Congress Introduced Feb 14, 2024

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To provide temporary war risk insurance for certain commercial vessels operating importing goods to, or exporting goods from, Ukraine., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients. The main policy domain is Foreign Policy, Government Operations, Trade.

Who Benefits and How

foreign governments, international partners, and aid recipients may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, foreign governments, international partners, and aid recipients may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H05797910FBFB4AD598A85D5BBA5AA299: 1. Short title This Act may be cited as the Ukraine War Risk Insurance Act.
  • Section H3C35B3F9032A474B96A7EC9EFC7081B1: 2. Finding Congress finds that the transportation in the waterborne commerce importing cargo to, or exporting cargo from, Ukraine is in the interest of the...
  • Section H681D71A91023491E88B1108CFE6D4754: 3. War risk insurance eligibility for certain commercial vessels operating in Ukraine Notwithstanding section 53902 of title 46, United States Code, for the...
  • Section HE7A5EF719E964BB385ED83C0F4749224: 4. Insurance for Ukraine initiative There is established in the Department of State an entity to be known as the Insurance for Ukraine Initiative. The...
  • Section H8F768595355D4E37B6C7EB4657C13A84: 5. Diplomatic and political support The Secretary of State, in coordination with the heads of other relevant Federal departments and agencies, shall seek to...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To provide temporary war risk insurance for certain commercial vessels operating importing goods to, or exporting goods from, Ukraine., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.

Key Policy Areas

Foreign Policy, Government Operations, Trade

Primary Purpose

This bill, To provide temporary war risk insurance for certain commercial vessels operating importing goods to, or exporting goods from, Ukraine., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.

Policy Domains

Foreign Policy Government Operations Trade

Whole bill

Identified Gains
  • foreign governments, international partners, and aid recipients
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
foreign governments, international partners, and aid recipients: ,
Identified Costs
  • federal implementing agencies
  • foreign governments, international partners, and aid recipients
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: ,
foreign governments, international partners, and aid recipients: ,

Legislative Progress

Introduced
Introduced Committee Passed
Feb 14, 2024

Mr. Keating (for himself, Mr. Quigley, and Mr. McGovern) introduced …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Foreign Policy Government Operations Trade
Actor Mappings
"secretary_of_transportation"
→ Secretary of Transportation

Key Definitions

Terms defined in this bill

1 term
"covered vessel" §H681D71A91023491E88B1108CFE6D4754

a vessel that is owned by a citizen of— a member country of the North Atlantic Treaty Organization

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology