A bill to amend section 1103 of the Merchant Marine Act, 1936, to require that notice be given to the Congress of any guarantee proposed to be made under such section in excess of $25 million.

referredUnited States· United States Congress· EN

Introduced

24 February 1977

Last action

—

Status

Referred to Senate Committee on Commerce, Science, and Transportation.

Summary

Amends the Merchant Marine Act, 1936, to prohibit the Secretary of Commerce from guaranteeing ship mortgages under such Act in excess of $25,000,000 unless the Secretary has notified specified committees of Congress of such proposed action and neither House has passed a resolution disapproving such guarantee.

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Documents

1 official file

Introduced in Senate
summary · EN · 24 February 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/799
Open data entity: https://api.congress.gov/v3/bill/95/s/799