legislation: 95-hr-12959

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
95-hr-12959 95 hr 12959 A bill to amend the definition of the term "qualified vessel" under a Capital Construction Fund. Transportation and Public Works 1978-06-02 1978-08-25 Reported to House from the Committee on Merchant Marine and Fisheries with amendment, H. Rept. 95-1525. House Rep. Murphy, John M. [D-NY-17] NY D M001098 0 (Reported to House from the Committee on Merchant Marine and Fisheries with amendment, H. Rept. 95-1525) Amends the Merchant Marine Act of 1936 to make owners and lessess of vessels documented under the laws of the United States for the operation in United States foreign or domestic commerce (formerly foreign, Great Lakes, or noncontiguous trade) or fisheries eligible to enter into agreements with the Secretary of Commerce to establish a capital construction fund for replacing, acquiring, or reconstructing vessels. Redefines "qualified vessel" for such purposes. Expands eligibility by modifying the definition of "eligible vessel" to include any vessel of five net tons or greater. Allows United States owners of foreign-flag or foreign built ships to deposit earnings from those ships in such fund. Allows United States owners of United States controlled foreign shipping corporations to deposit money from eligible vessels into such fund. 2024-08-01T20:05:59Z  

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