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GlobalsecurityMar 24, 2026National News

Ranking Member Shaheen Presses DFC CEO for Answers on Risks to Taxpayer and Potential Benefits to China from $20 Billion Strait of Hormuz Maritime Insurance Proposal

Senator Shaheen challenged the DFC over a $20 billion maritime insurance plan, citing risks to taxpayers and potential benefits to China.

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Senator Jeanne Shaheen is questioning a $20 billion proposal to provide taxpayer-funded maritime insurance in the Strait of Hormuz, warning it may benefit China and expose the U.S. to financial risk.

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Jeanne ShaheenD-New Hampshire
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