Merchant Marine Legislation (55% Subsidy, War Risk Insurance, Trade-in of Obsolete Vessels)
Considers following bills to amend the Merchant Marine Act of 1936. S. 2800, to increase permanently maximum construction differential subsidies for construction of new vessels. S. 2801, to extend the minimum age of 12 years for vessels to be traded in toward the construction of new vessels. S. 2829, to revise regulations on war risk insurance for construction subsidized ships.