Considers legislation to authorize US Maritime Commission receivership and operation of bankrupt shipping companies with essential trade routes. Also reviews Munson Steamship Line bankruptcy proceedings and service discontinuation.
Considers. S. 1956, to amend the Merchant Marine Act of 1936 to allow subsidized vessels to forego subsidy repayments if a majority of its miles are logged between Alaska and British Columbia. S. 2618, to authorize Commerce Dept to acquire older merchant marine vessels to be refurbished in exchange for more modern vessels. S. 3018, to authorize the Maritime Administration to advance mortgage payments on behalf of vessels insured under Federal mortgage guarantee programs. S. 3188, to amend the Merchant Marine Act of 1920 to prohibit Canadian vessels from transporting merchandise between the continental U.S. and Alaska. S. 3189, to allow only ships rebuilt entirely in the U.S. to engage in coast-to-coast trade.
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)