arrow_back Back to App

Port Equipment Funds: New Rules and Restrictions

This bill amends rules for ship construction funds, expanding them to include cargo handling equipment at ports. This means port companies can now use these funds to buy or replace machinery, potentially improving maritime transport efficiency and goods availability. However, the bill introduces restrictions, prohibiting funding for fully automated equipment that could lead to job losses, and for equipment from China.
Key points
Marine terminal operators can now establish special funds for the purchase or replacement of cargo handling equipment, such as cranes and vehicles.
These funds can be used for equipment manufactured in the U.S., or from outside the U.S. if American equipment is unavailable or of unsatisfactory quality.
Funds cannot be used to purchase fully automated equipment if it would result in a net loss of jobs at a marine terminal.
The bill prohibits using funds to purchase cranes manufactured in the People's Republic of China.
An annual list of available U.S.-manufactured cargo handling equipment will be published to assist fund holders.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3842
Sponsor: Rep. Ezell, Mike [R-MS-4]
Process start date: 2025-06-09