# 119-hr-3973: Ukraine War Risk Insurance Act

119-hr-3973, Ukraine War Risk Insurance Act, is a 119th Congress bill sponsored by Rep. Keating, William R. [D-MA-9] (D-MA); status introduced; PRIA reads it as touching household money (as of 2026-06-01).

- Canonical: https://policyrisk.com/legislation/119-hr-3973
- As of: 2026-06-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3973
- Congress: 119
- Title: Ukraine War Risk Insurance Act
- Status: introduced
- Introduced: 2025-06-12
- Sponsor: Rep. Keating, William R. [D-MA-9] (D-MA)
- Cosponsors: 2
- Policy area: International Affairs
- Touches household money: yes
- Last recorded action: 2026-06-01

## Summary

**Expand war risk insurance eligibility for vessels carrying goods to and from Ukraine**. This bill would temporarily broaden who can get war risk insurance under chapter 539 of title 46, United States Code, for ships engaged in waterborne commerce importing to or exporting from Ukraine and would create a State Department Insurance for Ukraine Initiative to coordinate private insurers, allied support, and protections for grain shipments. - Vessel owners and insurers: Ships owned by citizens of NATO countries, Ukraine, or other nations the Secretary of State designates would be deemed eligible for chapter 539 war risk insurance for a period of up to five years. - Trade and food security: The bill directs U.S. efforts to ensure bountiful and affordable shipment of grain and other food commodities from Ukraine and asks the U.S. representative to the U.N. Food and Agriculture Organization to pursue a multilateral insurance mechanism to protect those shipments. - Diplomacy and reporting: The Insurance for Ukraine Initiative would mobilize private-sector outreach and allied investment, offer diplomatic backing to countries that support war risk insurance for Ukraine, and require a report within one year and annual updates for three years to Congress.

## Cosponsors (2)

- Rep. Quigley, Mike [D-IL-5] (D-IL), 2025-06-12T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2025-06-12T00:00:00.000Z

## Provisions PRIA read

- War-risk insurance for Ukraine cargo ships: benefit, medium. For 5 years after enactment, ships moving cargo to or from Ukraine would be eligible for U.S. government war‑risk insurance or reinsurance. This would apply to vessels owned by citizens of NATO countries, Ukraine, or other countries named by the Secretary of State, in consultation with the Secretar…
- U.S. diplomacy to back Ukraine insurance: benefit, low. The bill would set up a State Department Insurance for Ukraine Initiative to promote war‑risk insurance and work with private insurers. It would direct U.S. diplomats to help countries that offer Ukraine war‑risk insurance and build their capacity. The U.S. Representative to the U.N. Food and Agric…

## Related bills

- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-3069: Medicare for All Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hres-1058: Recognizing that it is the duty of the Federal Government to develop and implement a Transgender Bill of Rights to protect and codify the rights of transgender…

## Sources
- [119-hr-3973 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3973)

## Related
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3069: Medicare for All Act](https://policyrisk.com/legislation/119-hr-3069)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hres-1058: Recognizing that it is the duty of the Federal Government to develop and implem…](https://policyrisk.com/legislation/119-hres-1058)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3973 (as of 2026-06-01).