[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2190 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 2190

 To expand the use of Capital Construction Funds to expand the United 
     States maritime industry and promote construction by domestic 
                             shipbuilders.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 21, 2003

 Mr. McCrery introduced the following bill; which was referred to the 
Committee on Ways and Means, and in addition to the Committee on Armed 
Services, for a period to be subsequently determined by the Speaker, in 
   each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To expand the use of Capital Construction Funds to expand the United 
     States maritime industry and promote construction by domestic 
                             shipbuilders.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``United States Maritime Industry 
Promotion Act of 2003''.

SEC. 2. AMENDMENTS TO CAPITAL CONSTRUCTION FUND.

    (a) Persons Eligible.--Subsection (a) of section 607 of the 
Merchant Marine Act, 1936 (46 U.S.C. 1177(a) App.) is amended by 
striking ``foreign, Great Lakes, or noncontiguous domestic trade'' and 
inserting ``foreign or domestic commerce of the United State''.
    (b) Qualified Vessel.--
            (1) In general.--Subparagraph (C) of section 607(k)(2) of 
        such Act is amended to read as follows:
                    ``(C) which the person maintaining the fund agrees 
                with the Secretary will be operated in the foreign or 
                domestic commerce of the United States, or in the 
                fisheries of the United States, and which in the case 
                of towing vessels and barges will not be operated on 
                the inland waterways of the United States.''.
            (2) Vessel.--Paragraph (7) of section 607(k) of such Act is 
        amended by inserting before the period at the end the 
        following: ``or a dry dock or a mobile offshore drilling unit 
        or production unit, but it does not include towing vessels or 
        barges operated on the inland waterways of the United States''.
            (3) Repeal of noncontiguous trade; inland waterways.--
        Subsection (k) of section 607 of such Act is amended by 
        striking paragraph (8) and by inserting the following new 
        paragraph after paragraph (7):
            ``(8) The term `inland waterways of the United States' 
        means any inland waterway of the United States which is 
        described in section 206 of the Inland Waterways Revenue Act of 
        1978 (33 U.S.C. 1804).''.
    (c) Conforming Amendment.--Subsection (i) of section 7518 of the 
Internal Revenue Code of 1986 (relating to definitions) is amended by 
striking ``the date of the enactment of this section'' and inserting 
``the date of the enactment of United States Maritime Industry 
Promotion Act of 2003''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
                                 <all>