A bill to authorize appropriations for fiscal years 2000 and 2001 for certain maritime programs of the Department of Transportation, and for other purposes.
(Sec. 3) Amends the Merchant Marine Act, 1936 to revise loan guarantee escrow fund provisions. Establishes a Treasury fund to hold related collateral.
(Sec. 4) Exempts certain dry bulk and breakbulk cargo vessels constructed, reconstructed, or acquired in a foreign shipyard 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 Maritime Administration reporting requirements.
(Sec. 7) Amends Federal law to list one of three specified vessels that may be exempted from provisions relating to inspection and regulation of vessels as belonging to the National Liberty Ship Memorial, Inc., rather than to the Maritime Administration.
(Sec. 8) Mandates the Maritime Administration to conduct and report to Congress on a study of maritime research and technology development. Authorizes appropriations.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S4579-4580)
Read twice and referred to the Committee on Commerce.
Committee on Commerce. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Commerce. Reported to Senate by Senator McCain with an amendment in the nature of a substitute and an amendment to the title. With written report No. 106-111.
Committee on Commerce. Reported to Senate by Senator McCain with an amendment in the nature of a substitute and an amendment to the title. With written report No. 106-111.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 220.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line