Insurance for vessels transporting vital goods to strategic partners

Section 53902 of title 46, United States Code, is amended by adding at the end the following: (d) Vessels transporting vital goods to strategic partners (1) In general The Secretary of Transportation may provide insurance and reinsurance under this chapter for any vessel engaged in commerce transporting critical energy, humanitarian, or other goods to Taiwan or another strategic partner of the United States that is facing coercive maritime threats if the Secretary determines, in consultation with the Secretary of Defense, the Secretary of State, and the Director of National Intelligence, that providing such insurance or reinsurance is necessary to support vital strategic commerce or to deter coercive maritime behavior that undermines regional security. (2) Nonapplicability of certain condition The condition under section 53902(c) shall not apply with respect to a vessel described in paragraph (1)..