H.R. 5114 — Introduced in House

I 117th CONGRESS 1st Session H. R. 5114 IN THE HOUSE OF REPRESENTATIVES August 27, 2021Mr. Garamendi introduced the following bill; which was referred to the Committee on Transportation and Infrastructure A BILL 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. 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. .