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Financing Ship Repairs in US Shipyards: New Loan Options

New rules allow a government agency (the Maritime Administration) to provide loans for ship repairs and upgrades done in US shipyards. This aims to help vessels meet requirements to be considered US vessels or get permits for coastal shipping.
Key points
The government can now finance ship repairs in US shipyards.
Loans cover work needed for a vessel to be considered a US vessel or operate along the coast.
Financing also applies to military, government, and maritime security program vessels.
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Status:
Expired
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Additional Information
To amend title 46, United States Code, to allow the Administrator of the Maritime Administration to finance vessel retrofit, repair, or similar work required for the vessel to be a vessel of the United States, and for other purposes.
Print number: HR 5114
Sponsor: Rep. Garamendi, John [D-CA-3]
Process start date: 2021-08-27
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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Summary & Status

Key Questions about Financing Ship Repairs in US Shipyards: New Loan Options

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 5114.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-08-27.

What are the main provisions?

Key points include:

  • The government can now finance ship repairs in US shipyards.
  • Loans cover work needed for a vessel to be considered a US vessel or operate along the coast.
  • Financing also applies to military, government, and maritime security program vessels.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Garamendi, John [D-CA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Coast Guard and Maritime Transportation.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

Analysis and Potential Impact of HR 5114

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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