Allowing Coast Guard Vessel Construction in NATO Shipyards for Cost Savings.
This bill creates an exception to the rule requiring Coast Guard vessels to be built domestically. It allows construction in allied shipyards (NATO or Indo-Pacific treaty partners) if the cost is lower than domestic construction, aiming to save taxpayer money. This change is intended to ensure the Coast Guard can acquire necessary vessels more efficiently, improving operational readiness.
Key points
The Coast Guard can now contract for the construction of vessels or major components in shipyards located in NATO countries or Indo-Pacific allies.
The construction must cost less than if it occurred in a domestic US shipyard, leading to potential public savings.
A security measure requires certification that the foreign shipyard is not owned or operated by a Chinese company or a multinational company domiciled in the People's Republic of China.
Expired
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