Title II: Capital Construction Funds for Passenger Vessel Construction - Amends the Merchant Marine Act, 1936 to, among other things: (1) add passenger vessels in the oceangoing domestic trade to the list of vessels for which a capital construction fund may be established; (2) redefine "eligible vessel" and "qualified vessel;" and (3) define "foreign commerce", "foreign trade," "passenger vessel," and "oceangoing domestic trade."
Amends Internal Revenue Code provisions concerning tax incentives relating to merchant marine capital construction funds to, among other things, deem withdrawals qualified if they are for payments that reduce the principal of a qualified lease of a qualified vessel.
Title III: Domestic Cruise Industry Phase-In - Permits the issuance of a temporary certificate of documentation to certain foreign-built cruise ships. Sets forth provisions concerning permit exclusions, expiration, and revocation.
Introduced in House
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committees on Armed Services, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committees on Armed Services, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committees on Armed Services, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committees on Armed Services, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsor introductory remarks on measure. (CR E2432-2433)
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Executive Comment Requested from DOD.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line