This bill allows the Maritime Administration to guarantee financing (including reimbursement of an obligor for expenditures previously made) for reconstruction, reconditioning, retrofitting, repair, or similar work in a shipyard located in the United States for, among other things, making changes required for a vessel to be a vessel of the United States.
To amend title 46, United States Code, to allow the Administrator of 
  the Maritime Administration to finance vessel retrofit, repair, or 
   similar work required for the vessel to be a vessel of the United 
                    States, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. LOANS FOR RETROFITTING TO QUALIFY AS A VESSEL OF THE UNITED 
              STATES.

    Section 53706 of title 46, United States Code, is amended--
            (1) in subsection (a), by adding at the end the following:
            ``(8) Financing (including reimbursement of an obligor for 
        expenditures previously made for) reconstruction, 
        reconditioning, retrofitting, repair, or similar work in a 
        shipyard located in the United States--
                    ``(A) required for the vessel to be a vessel of the 
                United States;
                    ``(B) required for the vessel to be issued a 
                coastwise endorsement under chapter 121;
                    ``(C) to convert a civilian vessel of the United 
                States to a more useful military configuration;
                    ``(D) for any vessel under contract to the Federal 
                Government; or
                    ``(E) for any vessel participating in:
                            ``(i) the Maritime Security Program under 
                        chapter 531;
                            ``(ii) the Cable Security Fleet under 
                        chapter 532; or
                            ``(iii) the Tanker Security Fleet under 
                        chapter 534.''.
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To amend title 46, United States Code, to allow the Administrator of the Maritime Administration to finance vessel retrofit, repair, or similar work required for the vessel to be a vessel of the United States, and for other purposes.
To amend title 46, United States Code, to allow the Administrator of the Maritime Administration to finance vessel retrofit, repair, or similar work required for the vessel to be a vessel of the United States, and for other purposes.
Official Titles - House of Representatives
Official Title as Introduced
To amend title 46, United States Code, to allow the Administrator of the Maritime Administration to finance vessel retrofit, repair, or similar work required for the vessel to be a vessel of the United States, and for other purposes.
Rep. Garamendi, John