H.R. 5114

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.

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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.

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