SHIPS For America Act Reintroduced In Congress

On April 30, Sens. Mark Kelly, D-Ariz., and Todd Young, R-Ind., and Reps. Trent Kelly, R-Miss., and John Garamendi, D-Calif., reintroduced the Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for America Act (the Act). Other cosponsors in the Senate include Sen. Lisa Murkowski, R-Alaska, and Sen. John Fetterman, D-Pa. In the Senate, the tax provisions of the Act will be introduced in a separate Building SHIPS in America Act. The press release announcing the reintroduction of the Act includes links to a section-by-section summary of the Act and to the full text of the Act itself.

As in the version that was introduced in the previous session of Congress, the Act establishes requirements and provides incentives designed to revitalize the United States as a maritime nation, with revisions that, among other things, reflect the findings of the US Trade Representative regarding China's shipbuilding dominance and President Donald Trump's Executive