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Scott Bessent: “It's now up to 40 billion. It's run through the DFC and we…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Press Secretary Karoline Leavitt, Scott Bessent, and Kelly Loeffler Brief Members of the Media

Published | Video Starts at 25:20

Is this another phase? Exactly. Any update on the insurance program, the U.S. reinsurance program for ships and tankers sailing through the Strait of Fort Moose? Any update on that, sir? Well, It's now up to 40 billion. It's run through the DFC and we are waiting for the ships to be able to get some symbols of normality and then they can come to the DFC and our private sector partners and request the insurance. And what do you tell private shipping companies out there right now nervous about this whole thing, wondering if they should even get near the street? Mr. What's that? (25:20–25:41)

CLAIM

Asserts that the U.S. reinsurance program for ships is valued at $40 billion and managed through the DFC.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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