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H.R. 1073 (94th): An Act to extend the provisions of title XII of the Merchant Marine Act, 1936, relating to war risk insurance, for an additional three years, ending September 7, 1978.


The text of the bill below is as of Oct 17, 1976 (Passed Congress).


90 STAT. 2474                   PUBLIC LAW 94-523—OCT. 17, 1976

                 Public Law 94-523
                 94th Congress
                                                   An Act
 Oct. 17, 1976   To extend the provisions of title XII of tlie Merchant Marine Act, 1936, relating
  [H.R. 1073]     to war risk insurance, for an additional three years, ending September 7, 1978.

                    Be it enacted hy the Senate and House of Representatives of the
War risk          United States of America in Congress assembled, That section 1203 (a)
insurance.       of the Merchant Marine Act, 1936 (46 U.S.C. 1283(a)), is amended by
                 inserting at the end thereof the following new sentences: "In deter-
                 mining whether to grant such insurance or reinsurance to foreign-
                 flag vessels, the Secretary shall further consider the characteristics,
                 the employment, and the general management of the vessel by the
Reporting        owner or charterer. American- and foreign-flag vessels so insured or
requirements.    reinsured shall be subject to such vessel location reporting require-
                 ments as the Secretary may establish by regulation.".
                    SEC. 2. Section 1203 (b) of the Merchant Marine Act, 1936 (46 U.S.C.
                 1283(b)), is amended by inserting at the end thereof the following
                 new sentence: "For the purposes of this title, the term 'cargo' shall
                 include loaded or empty containers located aboard such vessels.".
                    SEC. 3. Section 1203(f) of the Merchant Marine Act, 1936 (46 U.S.C.
                 1283 (f)), is amended by striking out the word "on" between the words
                 "Statutory" and "contractual" and inserting in lieu thereof "or".
                    SEC. 4. Section 1209 (b) of the Merchant Marine Act, 1936 (46 U.S.C.
                 1289(b)), is amended by inserting at the end thereof the following
                 new sentence: "The Secretary may charge and collect an annual fee
                 in an amount calculated to cover the expenses of processing applica-
                 tions for insurance, the employment of underwriting agents, and the
                 appointment of experts.".
                    SEC. 6. Section 1214 of the Merchant Marine Act, 1936 (46 U.S.C.
                 1294), is amended by striking out "September 7, 1975" and inserting
                 in lieu thereof "September 30,1979.".
                   Approved October 17, 1976.


                 LEGISLATIVE HISTORY:
                 HOUSE REPORT No. 94-416 (Comm. on Merchant Marine and Fisheries).
                 SENATE REPORT No. 94-1332 accompanying S. 3181 (Comm. on Commerce).
                 CONGRESSIONAL RECORD:
                      Vol. 121 (1975): Sept. 9, considered and passed House.
                      Vol. 122 (1976): Sept. 28, considered and passed Senate, amended.
                                       Oct. 1, House concurred in Senate amendment.