A bill to authorize appropriations for the fiscal year 1976 and 1977 for certain maritime programs of the Department of Commerce.

Authorizes appropriations for fiscal years 1976 and 1977 to the Department of Commerce for: (1) acquisition, construction, or reconstruction of ships; (2) payment of obligations incurred for ship operating-differential subsidy; (3) research and development; (4) reserve fleet; (5) training at the Merchant Marine Academy; (6) financial assistance to State Marine Schools, and (7) increases in employee salary and benefits.