[Congressional Record Volume 172, Number 106 (Wednesday, June 24, 2026)]
[Senate]
[Pages S3509-S3510]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 6383. Mr. KELLY (for himself and Mr. Young) submitted an amendment
intended to be proposed by him to the bill S. 4784, to authorize
appropriations for fiscal year 2027 for military activities of the
Department of Defense, for military construction, and for defense
activities of the Department of Energy, to prescribe military personnel
strengths for such fiscal year, and for other purposes; which was
ordered to lie on the table; as follows:
At the appropriate place in title X, insert the following:
SEC. ___. MARITIME SECURITY TRUST FUND ESTABLISHED.
Section 50301 of title 46, United States Code, is amended--
(1) by striking the section heading and inserting ``Funds
established'';
(2) in subsection (e)--
(A) in paragraph (2), by redesignating subparagraphs (A),
(B), and (C), as clauses (i), (ii), and (iii), respectively,
and adjusting the margins accordingly;
(B) by redesignating paragraphs (1), (2), and (3), as
subparagraphs (A), (B), and (C), respectively, and adjusting
the margins accordingly;
(C) in subparagraph (A), as redesignated by subparagraph
(B), by striking ``paragraph (2)'' and inserting
``subparagraph (B)'';
(D) in subparagraph (B), as redesignated by subparagraph
(B), in the matter preceding clause (i), by striking
``Paragraph (1)'' and inserting ``Subparagraph (A)''; and
(E) in subparagraph (C), as redesignated by subparagraph
(B), by striking ``Paragraph (1)'' and inserting
``Subparagraph (A)'';
(3) in subsection (f), by redesignating paragraphs (1)
through (4) as subparagraphs (A) through (D), respectively,
and adjusting the margins accordingly;
(4) by redesignating subsections (b) through (g) as
paragraphs (2) through (7), respectively, and adjusting the
margins accordingly;
(5) in subsection (a), by striking ``In General'' and all
that follows through ``There is a'' and inserting the
following:
``(a) Vessel Operations Revolving Fund.--
``(1) In general.--There is a'';
(6) in paragraph (4), by striking ``subsection (a)'' and
inserting ``paragraph (1)''; and
(7) by adding at the end the following:
``(b) Maritime Security Trust Fund.--
``(1) In general.--There is a `Maritime Security Trust
Fund' for use in carrying out programs or activities
associated with supporting the merchant marine of the United
States and the maritime industrial base.
``(2) Transfer of amounts.--The Fund shall be credited with
amounts equivalent to the receipts from each of the
following:
``(A) The taxes received in the Treasury under--
``(i) section 60301 of this title (relating to regular
tonnage taxes);
``(ii) section 60302 of this title (relating to special
tonnage taxes); and
``(iii) section 60303 of this title (relating to light
money).
``(B) The revenue collected from--
``(i) duties imposed under section 466 of the Tariff Act of
1930 (19 U.S.C. 1466) (relating to equipment and repair of
vessels);
[[Page S3510]]
``(ii) duties, fees, or monetary penalties imposed by the
United States Trade Representative under section 301 of the
Trade Act of 1974 (19 U.S.C. 2411) pursuant to the
determination of the Trade Representative that the targeting
of the maritime, logistics, and shipbuilding sectors for
dominance by the People's Republic of China is unreasonable
and burdens or restricts United States commerce, notice of
which was published in the Federal Register on January 23,
2025 (90 Fed. Reg. 8089); and
``(iii) duties imposed under section 60502 of this title
(relating to discriminating duty on goods imported in foreign
vessels or from contiguous countries).
``(C) Any penalties paid with respect to a vessel pursuant
to any of the following sections of this title:
``(i) Section 2017.
``(ii) Section 2302.
``(iii) Section 3318.
``(iv) Section 3718.
``(v) Section 4106.
``(vi) Section 5116.
``(vii) Section 11303.
``(viii) Section 11501.
``(ix) Section 12151.
``(x) Section 12507.
``(xi) Section 14701.
``(xii) Section 30707, with respect to the portion of the
fine that goes to the United States Government under
subsection (c) of such section.
``(xiii) Section 31309.
``(xiv) Section 31330.
``(xv) Section 41107.
``(xvi) Section 41108.
``(xvii) Section 42108.
``(xviii) Section 44104.
``(xix) Section 70052.
``(xx) Section 70119.
``(xxi) Section 70506.
``(xxii) Section 80509.
``(D) Any revenue generated in connection with the seizure
and forfeiture of a maritime vessel under--
``(i) section 3 of the Act of August 5, 1935 (49 Stat. 518,
chapter 438; 19 U.S.C. 1703);
``(ii) section 70052 of this title; and
``(iii) section 70507 of this title.
``(3) Total balance.--The total amount in the Maritime
Security Trust Fund at any time shall not exceed
$20,000,000,000.
``(4) Expenditures.--Amounts in the Maritime Security Trust
Fund shall be available to meet those obligations of the
United States heretofore and hereafter incurred which are
authorized to be paid out of the Maritime Security Trust
Fund.''.
______