A bill to improve certain maritime programs of the Department of Transportation, and for other purposes.

Summary

Amends the Merchant Marine Act, 1936 to authorize the Secretary of Transportation, in the event of a default, to assume the obligor's rights and duties under a loan or other security agreement guaranteed by the Secretary to finance the purchase of vessels. Exempts from the automatic stay of bankruptcy proceedings the commencement of an action to foreclose a mortgage on a vessel by the Secretary and the Secretary of Commerce under the Ship Mortgage Act, 1920 and the Merchant Marine Act, 1936. Terminates the authority of the Federal Maritime Commission to initiate investigations necessary to carry out the provisions of the Merchant Marine Act, 1936. Reserves such investigations to the Secretary of Transportation. Extends the authority of the Secretary to provide war risk insurance and reinsurance until September 30, 1989. (Currently such authority expires on September 30, 1984.)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 6 March 1984

   Introduced

   Referred to House Committee on The Judiciary.

   Source: IntroReferral

2. 6 March 1984

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 March 1984

   Introduced

   Introduced in House

   Source: IntroReferral

4. 12 March 1984

   Referred

   Referred to Subcommittee on Merchant Marine.

   Source: Committee

5. 12 March 1984

   Committee

   Executive Comment Requested from DOT.

   Source: Committee

6. 3 April 1984

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 31 May 1984

   Committee

   Forwarded by Subcommittee to Full Committee (Amended).

   Source: Committee

8. 31 May 1984

   Committee

   Subcommittee Hearings Held.

   Source: Committee

9. 19 June 1984

   Committee

   For Further Action See H.R.5833.

   Source: Committee

10. 19 June 1984

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 6 March 1984

  Open at official source

Sponsors

• Rep. Biaggi, Mario [D-NY-19] · D · Sponsor
• Rep. Jones, Walter B. [D-NC-1] · D · Sponsor
• Rep. Forsythe, Edwin B. [R-NJ-6] · R · Sponsor
• Rep. Snyder, M. G. (Gene) [R-KY-4] · R · Sponsor
• · hsmm00 · Standing
• · hsju00 · Standing

Related records

• related to ← A bill to improve certain maritime programs of the Department of Transportation and the Department of Commerce.