H.R. 3798 (99th): A bill to authorize the establishment of a Merchant Ship Revolving Fund, and for other purposes.

Introduced:
Nov 20, 1985 (99th Congress, 1985–1986)
Sponsor:
Rep. John McKernan Jr. [R-ME1]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on November 20, 1985, in a previous session of Congress, but was not enacted.

Progress
Introduced Nov 20, 1985
Cosponsors
23 cosponsors (14R, 9D) (show)
Committees

House Armed Services

House Merchant Marine and Fisheries

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

Text not yet available.

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

11/20/1985--Introduced.
Amends the Merchant Marine Act, 1936, to add to such Act a new title, "Title XIV-Build and Charter," which establishes in the Treasury the Merchant Ship Revolving Fund. Provides that moneys for such Fund shall be derived from: (1) all moneys appropriated to the Fund; (2) all moneys received for the charter or sale of merchant vessels constructed under this Act; and (3) any other moneys made available for the Fund. Provides that moneys from such Fund shall be used for the construction in private U.S. shipyards of merchant vessels capable of serving as naval and military auxiliaries in time of war or national emergency. Directs the Secretary of the Navy to administer the Fund and to award contracts to private U.S. shipyards for vessel construction under this Act. Directs the Secretary to charter or sell any naval vessel constructed under this Act to a citizen of the United States for operation in the foreign commerce of the United States. Outlines information concerning the price to be charged by the Secretary for the sale or charter of such vessels. Provides that a citizen who charters or purchases a vessel under this Act shall not be eligible to receive an operating-differential subsidy for the operation of any such vessel. Prohibits the Secretary from chartering or selling any vessel constructed under this Act for operation in the transpacific or transatlantic general dry cargo service unless the Secretary makes certain findings concerning the need for such vessel, including the finding that such charter or sale is in the interest of national security. Authorizes appropriations to the Fund.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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