H.R. 5114House117th Congress (2021-2023)In Committee

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.

AI-Generated Summary

Updated February 8, 2026 at 6:27 AM UTC

The bill changes Title 46 of the U.S. Code so the Maritime Administration can provide loans or reimbursements for shipyard work needed to make a vessel qualify as a U.S. vessel. It expands financing to cover retrofitting, repair or similar work that enables vessels to meet U.S. registration, coastwise endorsement, military conversion, federal contracts, or participation in key security fleets.

Key Provisions

Adds a new financing option (including reimbursement) for reconstruction, reconditioning, retrofitting, repair, or similar work performed in U.S. shipyards.
Allows financing when the work is required for a vessel to be classified as a vessel of the United States.
Allows financing for work needed to obtain a coastwise endorsement under chapter 121.
Permits financing to convert a civilian U.S. vessel to a more useful military configuration.
Covers vessels that are under contract to the Federal Government.
Includes vessels participating in the Maritime Security Program, the Cable Security Fleet, or the Tanker Security Fleet.

Legislative Activity

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3 earlier actions

HouseCommittee Latest Action

Referred to the Subcommittee on Coast Guard and Maritime Transportation.

Coast Guard and Maritime Transportation Subcommittee

August 30, 2021

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HouseIntro Referral

Introduced in House

August 27, 2021

HouseIntro Referral

Sponsor introductory remarks on measure. (CR E929)

August 27, 2021

HouseIntro Referral

Referred to the House Committee on Transportation and Infrastructure.

Transportation and Infrastructure Committee

August 27, 2021

HouseCommittee

Referred to the Subcommittee on Coast Guard and Maritime Transportation.

Coast Guard and Maritime Transportation Subcommittee

August 30, 2021

Bill Text

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Introduced in HouseIssued August 27, 2021

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.

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.