,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #cigc  ,,in ,,the ,,house ,,of  
,,representatives  ,june #ab1 #bjbe,mr4 
,keating 7for himself1 ,mr4 ,quigley1   
and ,mr4 ,mc,govern7 introduced the     
following bill2 which was referred to   
the ,committee on ,foreign ,affairs1 and
 in addition to the ,committee on       
,transportation and ,infrastructure1 for
 a period to be subsequently determined 
by the ,speaker1 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 to1 or exporting goods  
from1 ,ukraine4  #a4 ,short title ,this 
,act may be cited as the ,ukraine ,war  
,risk ,insurance ,act4  #b4 ,finding    
,congress finds that the transportation 
in the waterborne commerce importing    
cargo to1 or exporting cargo from1      
,ukraine is in the interest of the      
national defense or national economy of 

the ,united ,states4  #c4 ,war risk     
insurance eligibility for certain       
commercial vessels operating in ,ukraine
  7a7 ,eligibility ,notwithstanding     
section #ecijb of title #df1 ,united    
,states ,code1 for the period beginning 
on the date of enactment of this ,act1  
and ending #e years after such date1 a  
covered vessel shall be deemed to be    
eligible for insurance or reinsurance   
under chapter #eci of title #df1 ,united
 ,states ,code1 if such vessel is       
engaged in transportation in waterborne 
commerce importing cargo to1 or         
exporting cargo from1 ,ukraine4  7b7    
,expansion of cargo ,subparagraphs 7,b7 
through 7,d7 of section #ecijc7;a77#c7  
of title #df1 ,united ,states ,code1    
shall not apply to cargo imported or    
exported to or from ,ukraine4  7c7      
,definitions ,in this section3 7#a7     
,covered vessel ,the term covered vessel
 means a vessel that is owned by a      
citizen of-- 7,a7 a member country of   
the ,north ,atlantic ,treaty            

,organization2  7,b7 ,ukraine2 or  7,c7 
any other country the ,secretary of     
,state1 in consultation with the        
,secretary of ,transportation1          
determines1 in the interest of national 
security1 shall be considered eligible  
for insurance or reinsurance under      
chapter #eci of title #df1 ,united      
,states ,code4  7#b7 ,owned by a citizen
 ,the term owned by a citizen means     
ownership by an entity that is          
considered to be a citizen of a country 
in the same manner as an entity is      
deemed to be a citizen of the ,united   
,states under section #ejeja of title   
#df1 ,united ,states ,code4  #d4        
,insurance for ,ukraine initiative  7a7 
,establishment ,there is established in 
the ,department of ,state an entity to  
be known as the ,insurance for ,ukraine 
,initiative4  7b7 ,objectives ,the      
objectives of the ,insurance for        
,ukraine ,initiative are the following3 
7#a7 ,bolster confidence in ,ukraine's  
eventual economic recovery from         

,russia's full-scale invasion through   
the provision of war risk insurance4    
7#b7 ,encourage ,european allies and    
partners to finance and invest in       
,ukraine's economic recovery1 including 
through the provision of war risk       
insurance4  7#c7 ,promote closer        
economic integration between ,ukraine   
and other countries in ,europe as well  
as the ,united ,states and further      
,ukraine's accession to the ,european   
,union4  7#d7 ,coordinate dialogue and  
fora for extensive outreach with private
 sector insurance companies relating to 
the provision of war risk insurance to  
,ukraine4  7#e7 ,work with ,ukraine1    
international organizations1 and ,middle
 ,eastern and ,african allies and       
partners to ensure the bountiful and    
affordable shipment of grain and other  
food commodities from ,ukraine4  7c7    
,report ,not later than #a year after   
the date of the enactment of this ,act1 
and annually thereafter for the         
following #c years1 the ,secretary of   

,state shall submit to the appropriate  
congressional committees a report that  
includes assessments of-- 7#a7 progress 
towards the achievement of each of the  
objectives set forth in subsection 7b72 
and  7#b7 legislative proposals that    
would further the objectives set forth  
in subsection 7b72 and  7d7 ,definition 
,in this section1 the term appropriate  
congressional committees means-- 7#a7   
the ,committee on ,foreign ,affairs of  
the ,house of ,representatives2 and     
7#b7 the ,committee on ,foreign         
,relations of the ,senate4  #e4         
,diplomatic and political support ,the  
,secretary of ,state1 in coordination   
with the heads of other relevant        
,federal departments and agencies1 shall
 seek to provide diplomatic and         
political support to countries that     
provide or provide support for war risk 
insurance for ,ukraine1 including by    
using the diplomatic and political      
influence and expertise of the          
,department of ,state to build the      

capacity of such countries4  #f4 ,voice1
 vote1 and influence of the ,united     
,states at the ,u4,n4 ,food and         
,agriculture ,organization ,the         
,secretary of ,state shall direct the   
,united ,states ,representative to the  
,food and ,agriculture ,organization of 
the ,united ,nations to use the voice1  
vote1 and influence of the ,united      
,states at such ,organization to seek to
 develop a multilateral insurance       
mechanism to protect the shipment of    
grain and other commodities from        
,ukraine4