A bill to revitalize the pleasure cruise industry by clarifying and waiving certain restrictions in the Merchant Marine Act, 1936, and the Merchant Marine Act, 1920, to permit the entry of the steamship vessel United States, steamship vessel Oceanic Independence, steamship vessel Santa Rosa and the steamship vessels Mariposa and Monterey into the trade.

(Measure laid on table in House, S. 1281 passed in lieu)

Directs the Secretary of the department in which the Coast Guard is operating to cause the vessel =Oceanic Independence= and the vessel steamship =Santa Rosa= to be documented as vessels of the United States entitled to engage in the coastwise trade. Limits the coastwise trade for such vessels to the carrying of passengers, their accompanying baggage, and 1,000 measurement tons of cargo per annum.

Authorizes the steamship vessel =United States= to engage in the coastwise and foreign commerce of the United States or between foreign ports so long as the vessel's coastwise trade is limited to the carriage of passengers, their baggage, and 1,000 measurement tons of cargo per annum.

Permits the steamships =Mariposa= and =Monterey=, subject to the approval of the Secretary of Commerce, to remain under the American flag and operate totally in both the coastwise and foreign commerce of the United States and/or between foreign ports. Limits the vessel's domestic trade to the carriage of passengers, their baggage, and 1,000 measurement tons of cargo per annum.