S.Amdt. 3804

1. Replaces “any shipbuilding contract” with “any existing shipbuilding contract of the Navy”

   ReplacesPage 157, line 22Printed page

   In H.R. 4939 · Reported to Senate

   (b) Amounts received by a ship construction contractor under subsection (a) with respect to the costs of business disruption described in that subsection may not be treated as collateral insurance coverage or otherwise treated as payments which would reduce amounts otherwise payable to the contractor for such costs under any insurance or similar payer plan.

   (c) The Secretary of the Navy shall adjust any [inserted: existing ]shipbuilding contract [inserted: of the Navy ]with a ship construction contractor described in subsection (a) in order to take into account the business disruption incurred by the contractor as described in that subsection.

   (d)(1) In the event a shipbuilding contractor receives payment (whether through insurance or similar payer plan) for costs described in subsection (a) for which the contractor has been paid amounts under that subsection, the contractor shall reimburse the United States for amounts paid under that subsection in the amount of the payment so received by the contractor.

   Original wording

   On page 157, beginning on line 22, strike “any shipbuilding contract” and insert “any existing shipbuilding contract of the Navy”.

Read automatically from the Congressional Record. Check the original before relying on it.

As printed