[Congressional Record Volume 143, Number 160 (Thursday, November 13, 1997)]
[Senate]
[Page S12519]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              DOCUMENTATION OF THE VESSEL ``PRINCE NOVA''

  Mr. LOTT. Mr. President, I ask unanimous consent that the Commerce 
Committee be discharged from further consideration of S. 1349 and that 
the Senate then proceed to its immediate consideration.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The clerk will report.
  The legislative clerk read as follows:

       A bill (S. 1349) to authorize the Secretary of 
     Transportation to issue a certificate of documentation with 
     appropriate endorsement for employment in the coastwise trade 
     for the vessel Prince Nova, and for other purposes.

  The PRESIDING OFFICER. Is there objection to the immediate 
consideration of the bill?
  There being no objection, the Senate proceeded to consider the bill.
  Mr. LOTT. I ask unanimous consent that the bill be read three times, 
passed, the motion to reconsider be laid on the table, and that any 
statements related thereto be printed in the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (S. 1349) was passed, as follows:

                                S. 1349

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

     SECTION 1. DOCUMENTATION OF THE VESSEL PRINCE NOVA.

       (a) Documentation Authorized.--Notwithstanding section 27 
     of the Merchant Marine Act, 1920 (46 U.S.C. App. 883), 
     section 8 of the Act of June 19, 1886 (24 Stat. 81, chapter 
     421; 46 U.S.C. App. 289), and section 12106 of title 46, 
     United States Code, the Secretary of Transportation may issue 
     a certificate of documentation with appropriate endorsement 
     for employment in the coastwise trade for the vessel PRINCE 
     NOVA (Canadian registration number 320804).
       (b) Expiration of Certificate.--A certificate of 
     documentation issued for the vessel under subsection (a) 
     shall expire unless--
       (1) the vessel undergoes conversion, reconstruction, 
     repair, rebuilding, or retrofitting in a shipyard located in 
     the United States;
       (2) the cost of that conversion, reconstruction, repair, 
     rebuilding, or retrofitting is not less than the greater of--
       (A) 3 times the purchase value of the vessel before the 
     conversion, reconstruction, repair, rebuilding, or 
     retrofitting; or
       (B) $4,200,000; and
       (3) not less than an average of $1,000,000 is spent 
     annually in a shipyard located in the United States for 
     conversion, reconstruction, repair, rebuilding, or 
     retrofitting of the vessel until the total amount of the cost 
     required under paragraph (2) is spent.

  Mr. LOTT. Mr. President, I yield the floor.

                          ____________________