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Shipyard Investments: Modernization and Support for US Security

This act allocates $25 billion to modernize public and private shipyards in the US. The goal is to improve the repair capabilities of Navy vessels, strengthening national security and creating new jobs in the shipbuilding sector. These investments aim to reduce reliance on foreign suppliers.
Key points
25 billion dollars will be allocated to modernize public and private shipyards in the United States.
The investments aim to enhance the repair capabilities of Navy vessels, crucial for national defense.
The act supports the development of the domestic shipbuilding industry, creating jobs and reducing reliance on foreign companies.
Funds will be used for dry dock repairs, facility modernization, and new equipment purchases at shipyards.
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Additional Information
Print number: 117_S_1441
Sponsor: Sen. Wicker, Roger F. [R-MS]
Process start date: 2021-04-28