House testimony splits over bill to penalize foreign seizures of U.S. assets H.R.70‑84, the Defending American Property Abroad Act, would allow the president to bar vessels that called at ports that unlawfully seized American property; supporters called it a needed protection for U.S. firms, while critics said it would unduly expand Coast Guard duties and could raise costs for Americans.

A new bill aims to hold foreign governments accountable for seizing American assets, but critics warn it could burden the Coast Guard and raise costs for everyday Americans.

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