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Energizing American Shipbuilding: Gas and Oil Export Transport

This act aims to increase the use of US-built and US-flagged vessels for transporting exported natural gas and crude oil. This means more jobs in American shipyards and for American mariners, potentially strengthening the economy and national security. It introduces a gradual increase in the requirement for US vessel transport over the years.
Key points
Requires a percentage of exported natural gas and crude oil to be transported on US-built and US-flagged vessels.
Gradually increases the percentage of exports on US vessels over time, starting at 2% for natural gas and 3% for crude oil.
Supports the US shipbuilding industry and the manufacturing of key vessel components in the US.
Creates training and employment opportunities for US licensed and unlicensed mariners.
Allows for waivers if US manufacturing is too costly, causes delays, or lacks sufficient quality/quantity.
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Additional Information
Print number: 117_S_707
Sponsor: Sen. Wicker, Roger F. [R-MS]
Process start date: 2021-03-11