Bill 119 HR 2035, also known as the "Cargo Preference Act of 2021," aims to make changes to title 46 of the United States Code. The main goal of this bill is to require the Secretary of Transportation to ensure that all cargoes that are procured, furnished, or financed by the Department of Transportation are transported on privately-owned commercial vessels that are registered in the United States.

This bill is intended to promote and support the American maritime industry by giving preference to US-flagged vessels when it comes to transporting Department of Transportation cargoes. By doing so, the bill aims to strengthen the US maritime industry, create jobs for American workers, and enhance national security by ensuring that critical cargoes are transported on US-owned vessels.

In addition to the main provision regarding cargo preference, the bill also includes other purposes, which may include additional regulations or requirements related to the transportation of Department of Transportation cargoes. Overall, Bill 119 HR 2035 seeks to prioritize the use of US-owned commercial vessels for transporting Department of Transportation cargoes in order to support the American maritime industry and enhance national security.