July 29, 2009

Congressmen Davis and Boustany Introduce the Vessel Repair Enhancement Act

Congressman Artur Davis (AL-D-7th) and Congressman Boustany (LA-R-7th) introduced HR 3370, the Vessel Repair Enhancement Act, this Wednesday, July 29. The bill would expand the Capital Construction Fund (CCF) program to allow qualified withdrawals for the maintenance and repair of U.S. or foreign built US-flag vessels, provided that such maintenance and repair is performed in US shipyards and to allow U.S. shipyards to establish a CCF account for the purpose of maintaining and building new drydock facilities for the repair and maintenance of vessels in the U.S. SCA has been actively working on this legislation for the past year and we are extremely pleased to have the bill introduced. SCA will work to gather support for the legislation and advocate for its passage this year.