Ukraine War Risk Insurance Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3973 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3973 To provide temporary war risk insurance for certain commercial vessels operating importing goods to, or exporting goods from, Ukraine. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 12, 2025 Mr. Keating (for himself, Mr. Quigley, and Mr. McGovern) introduced the following bill; which was referred to the Committee on Foreign Affairs, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To provide temporary war risk insurance for certain commercial vessels operating importing goods to, or exporting goods from, Ukraine. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Ukraine War Risk Insurance Act''. SEC. 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 national defense or national economy of the United States. SEC. 3. WAR RISK INSURANCE ELIGIBILITY FOR CERTAIN COMMERCIAL VESSELS OPERATING IN UKRAINE. (a) Eligibility.--Notwithstanding section 53902 of title 46, United States Code, for the period beginning on the date of enactment of this Act, and ending 5 years after such date, a covered vessel shall be deemed to be eligible for insurance or reinsurance under chapter 539 of title 46, United States Code, if such vessel is engaged in transportation in waterborne commerce importing cargo to, or exporting cargo from, Ukraine. (b) Expansion of Cargo.--Subparagraphs (B) t