To amend title 46, United States Code, to allow the Administrator of the Maritime Administration to finance vessel retrofit, repair, or similar work required for the vessel to be a vessel of the United States, and for other purposes.

This bill allows the Maritime Administration to guarantee financing (including reimbursement of an obligor for expenditures previously made) for reconstruction, reconditioning, retrofitting, repair, or similar work in a shipyard located in the United States for, among other things, making changes required for a vessel to be a vessel of the United States.

Bill 117 hr 5114, also known as the Vessel Retrofit and Repair Financing Act, aims to amend title 46 of the United States Code to give the Administrator of the Maritime Administration the authority to provide financing for retrofitting, repairing, or other necessary work on vessels in order for them to be classified as vessels of the United States. This bill is designed to support the maritime industry by helping vessel owners and operators make necessary improvements to their vessels to meet the standards required for them to be considered vessels of the United States. The bill does not specify the amount of financing that would be available or the criteria for eligibility, but it is intended to provide a boost to the maritime industry and promote the use of vessels that meet US standards.