Maritime Administration Authorization Act for Fiscal Years 2000 and 2001

Maritime Administration Authorization Act for Fiscal Years 2000 and 2001 - Authorizes appropriations for the Department of Transportation for: (1) operations and training activities; and (2) the costs of guaranteed loans authorized by the Merchant Marine Act, 1936, as well as for administrative expenses related to loan guarantee commitments.

(Sec. 3) Amends the Merchant Marine Act, 1936 to revise loan guarantee escrow fund provisions. Establishes a Treasury fund to hold related collateral, and provides for Secretary-obligor reserve funds.

(Sec. 4) Exempts certain foreign-origin dry bulk and breakbulk cargo vessels that have transferred to United States flag registry from the three-year restriction on carrying U.S.- procured, furnished, or financially supported cargo (including agricultural cargo)

(Sec. 5) Extends war risk insurance authority.

(Sec. 6) Reduces specified United States Maritime Administration reporting requirements.

(Sec. 7) Amends Federal law to state that ownership the vessel "Jeremiah O'Brien" shall belong to the National Liberty Ship Memorial, Inc., rather than the United States Maritime Administration.