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Considers legislation to provide tax deferment of unsubsidized U.S. ship operators' earnings deposited in a construction reserve fund and to permit tax deductions for ship depreciation.
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)