H.R. 7353 aims to provide temporary war risk insurance for certain commercial vessels transporting goods to and from Ukraine. The bill establishes the "Ukraine War Risk Insurance Act" which identifies eligible vessels and sets up the "Insurance for Ukraine Initiative" to...
Simple Explanation
H.R. 7353 is a plan to help ships that bring things to and from Ukraine by giving them special insurance for safety during wartime. This is to help Ukraine's economy and get other countries to work together to make shipping safe.