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Boosting US Maritime Jobs and Security: New Fleet and Shipbuilding Investments.

The MARINERS Act addresses the critical shortage of maritime and shipbuilding workers through funded recruitment campaigns. It mandates policies to prioritize and privilege the US-flagged commercial fleet, significantly enhancing national security and economic resilience during crises. Citizens will see increased promotion of job opportunities in the maritime sector and potential future tax incentives for industry workers.
Key points
Job Creation: Authorizes $15 million for targeted campaigns to recruit workers for the Merchant Marine and shipbuilding sectors and promote maritime careers.
Supply Chain Security: Increases the minimum percentage of government cargo required to be carried on US-flagged vessels from 50% to 75%, strengthening domestic supply chain control.
Industry Support: Boosts authorized funding for small shipyards (up to $100 million) and requires studies on potential income tax breaks for mariners and corporate tax exemptions for companies using US ships.
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Additional Information
Print number: 118_HR_8515
Sponsor: Rep. Waltz, Michael [R-FL-6]
Process start date: 2024-05-22