Ukraine War Risk Insurance Act
Rep. Keating Introduces Ukraine War Risk Insurance Act to Protect Cargo Ships and Food Supplies
This bill is currently in the early stages of the legislative process and is being reviewed by two House committees. It was recently introduced and is considered active as it awaits further action from these groups. There are no upcoming votes scheduled at this time.
Legislative Progress
While it addresses a major global issue, the bill was introduced by a small group of Democrats and has not yet gained broad bipartisan support or moved past the committee stage.
Key Points
Impact Analysis
Personal Impact
Small businesses involved in international trade, shipping, logistics, or food commodity markets could see indirect benefits from more stable supply chains and reduced shipping costs in the Black Sea region. However, the number of U.S. small businesses directly affected is quite limited.
“Coordinate dialogue and fora for extensive outreach with private sector insurance companies relating to the provision of war risk insurance to Ukraine.”
Milestones
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.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Ukraine War Risk Insurance Act
Data Sources
Sponsor
Cosponsors
(2)Analysis generated by AI. Always verify with official sources.