Summary: S.937 — 106th Congress (1999-2000)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Reported to Senate with amendment(s) (07/20/1999)

Maritime Administration Authorization Act for Fiscal Year 2000 - Authorizes appropriations for the Maritime Administration for: (1) operations and training; and (2) the costs of guaranteed loans authorized by the Merchant Marine Act, 1936, as well as for administrative expenses related to loan guarantee commitments.

(Sec. 3) Amends the Merchant Marine Act, 1936 to revise loan guarantee escrow fund provisions. Establishes a Treasury fund to hold related collateral.

(Sec. 4) Exempts certain dry bulk and breakbulk cargo vessels constructed, reconstructed, or acquired in a foreign shipyard that have transferred to United States flag registry from the three-year restriction on carrying U.S.-procured, furnished, or financially supported cargo (including agricultural cargo).

(Sec. 5) Extends war risk insurance authority.

(Sec. 6) Reduces specified Maritime Administration reporting requirements.

(Sec. 7) Amends Federal law to list one of three specified vessels that may be exempted from provisions relating to inspection and regulation of vessels as belonging to the National Liberty Ship Memorial, Inc., rather than to the Maritime Administration.

(Sec. 8) Mandates the Maritime Administration to conduct and report to Congress on a study of maritime research and technology development. Authorizes appropriations.