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Considers S. 2584, to amend the Merchant Marine Act of 1936 to remove the 50% limit on Federal domestic construction subsidies. Dec. 3 hearing was held in San Francisco, Calif.
Considers H.R. 9172, H.R. 10644, and five identical bills, to amend Merchant Marine Act of 1936 to remove certain limitations on construction differential subsidies paid to domestic shipbuilders. Includes, "A Legislative History of Shipbuilding Subsidies Under the Merchant Marine Act, 1936," by Committee of American Steamship Lines, June, 1959 (p. 47-94)
Committee Serial No. 52. Considers legislation to extend ship construction differential subsidy limit.
[pt. 1]:Considers legislation to revise Federal shipbuilding and operating subsidy programs, to authorize Federal investigations of employment and wage conditions on subsidized vessels, and to authorize a shipbuilding contract allocation program to maintain regional shipbuilding employment levels; pt. 2: Considers legislation to authorize Commerce Dept acquisition of vessels and material for emergency and war purposes and to revise methods for payment for construction and computation of depreciation on reconstructed vessels. Immediate effect of legislation would be to authorize Government purchase of Monterey and Mariposa to be utilized as troop carriers.
Considers. H.R. 10022, to extend for 2 years the "obsolete vessel" requirements for trade-in vessels. H.R. 10023, to continue the increased subsidy for new ship construction and to eliminate all subsidy limitations for ship reconstruction. H.R. 10182, to increase and equalize Federal war risk insurance coverage for construction-subsidized vessels.