A bill to amend the Merchant Marine Act, 1936, to direct the Secretary of Commerce to cooperate with the Secretary of the Navy and the maritime industry in establishing an adequate and well-balanced fleet.

Amends the Merchant Marine Act, 1936, to direct the Secretary of Commerce and the Secretary of the Navy to meet at least quarterly with representatives of the maritime industry and to submit annual reports to the President and the Congress regarding their activities and recommendations in establishing an adequate and well-balanced merchant fleet.