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

Summary

Amends the Merchant Marine Act, 1936 to declare that an assumption of an obligation by the Secretary of Transportation does not affect the validity of the guarantee of such obligation. Makes a vessel or fishery facility for which obligations were accelerated and paid after default, eligible for a loan guarantee. Sets forth factors to be considered by the Secretary prior to making a loan guarantee. Authorizes the Secretary, 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. Eliminates the authority of the Federal Maritime Commission to initiate investigations.

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Versions

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Documents

6 official files

• Public Law (PDF)

  Public Law · EN · 31 October 1984

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• Passed Senate amended

  summary · EN · 10 October 1984

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• Reported to Senate with amendment(s)

  summary · EN · 2 October 1984

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• Passed House amended

  summary · EN · 24 July 1984

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 10 July 1984

  Open at official source

• Introduced in House

  summary · EN · 12 June 1984

  Open at official source

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