To amend title 46, United States Code, to allow the Administrator of the Maritime Administration to finance vessel retrofit, repair, or similar work required for the vessel to be a vessel of the United States, and for other purposes.

Bill: 117-hr-5114
Sponsor: full_name: Rep. Garamendi, John [D-CA-3]
Introduced: 2021-08-27
Policy area: Transportation and Public Works
Subjects: Government lending and loan guarantees

Marine and inland water transportation

Navigation, waterways, harbors

Public Lands and Natural Resources
Latest action: action_date: 2021-08-30
text: Referred to the Subcommittee on Coast Guard and Maritime Transportation.

Summaries:
action_date: 2021-08-27
action_desc: Introduced in House
text: <p>This bill allows the Maritime Administration to guarantee financing (including reimbursement of an obligor for expenditures previously made) for reconstruction, reconditioning, retrofitting, repair, or similar work in a shipyard located in the United States for, among other things, making changes required for a vessel to be a vessel of the United States.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 5114 IN THE HOUSE OF REPRESENTATIVES August 27, 2021 Mr. Garamendi introduced the following bill; which was referred to the Committee on Transportation and Infrastructure A BILL To amend title 46, United States Code, to allow the Administrator of the Maritime Administration to finance vessel retrofit, repair, or similar work required for the vessel to be a vessel of the United States, and for other purposes.

1. Loans for retrofitting to qualify as a vessel of the United States Section 53706 of title 46, United States Code, is amended— (1) in subsection (a), by adding at the end the following: (8) Financing (including reimbursement of an obligor for expenditures previously made for) reconstruction, reconditioning, retrofitting, repair, or similar work in a shipyard located in the United States— (A) required for the vessel to be a vessel of the United States; (B) required for the vessel to be issued a coastwise endorsement under chapter 121; (C) to convert a civilian vessel of the United States to a more useful military configuration; (D) for any vessel under contract to the Federal Government; or (E) for any vessel participating in: (i) the Maritime Security Program under chapter 531; (ii) the Cable Security Fleet under chapter 532; or (iii) the Tanker Security Fleet under chapter 534. .