To amend title 46, United States Code, to include certain passenger ferries as eligible and qualified vessels under Capital Construction Funds, and for other purposes.

12/29/2022, 9:48 PM

This bill makes certain ferries and passenger vessels eligible and qualified vessels for capital construction funds. U.S. citizens owning or leasing an eligible vessel may make an agreement with the Department of Transportation to establish a capital construction fund for such vessel to provide replacement vessels, additional vessels, or reconstructed vessels built in and documented under the laws of the United States.

Bill 117 hr 6882, also known as the Passenger Ferry Modernization Act, aims to amend title 46 of the United States Code to include certain passenger ferries as eligible and qualified vessels under Capital Construction Funds. This bill is designed to support the modernization and improvement of passenger ferry services in the United States.

The Capital Construction Funds program provides financial assistance to vessel owners for the construction, reconstruction, or reconditioning of vessels in the United States. By including passenger ferries in this program, the bill seeks to promote the development of a more efficient and sustainable transportation system for passengers traveling by water.

In addition to expanding the eligibility of passenger ferries for Capital Construction Funds, the bill also includes provisions for other purposes related to the improvement of passenger ferry services. This may include requirements for safety standards, environmental protections, or other regulations aimed at enhancing the overall quality and reliability of passenger ferry operations. Overall, the Passenger Ferry Modernization Act is intended to support the growth and modernization of passenger ferry services in the United States, ultimately benefiting both passengers and the transportation industry as a whole.
Congress
117

Number
HR - 6882

Introduced on
2022-03-01

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

3/1/2022

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This bill makes certain ferries and passenger vessels eligible and qualified vessels for capital construction funds. U.S. citizens owning or leasing an eligible vessel may make an agreement with the Department of Transportation to establish a capital construction fund for such vessel to provide replacement vessels, additional vessels, or reconstructed vessels built in and documented under the laws of the United States.

Bill 117 hr 6882, also known as the Passenger Ferry Modernization Act, aims to amend title 46 of the United States Code to include certain passenger ferries as eligible and qualified vessels under Capital Construction Funds. This bill is designed to support the modernization and improvement of passenger ferry services in the United States.

The Capital Construction Funds program provides financial assistance to vessel owners for the construction, reconstruction, or reconditioning of vessels in the United States. By including passenger ferries in this program, the bill seeks to promote the development of a more efficient and sustainable transportation system for passengers traveling by water.

In addition to expanding the eligibility of passenger ferries for Capital Construction Funds, the bill also includes provisions for other purposes related to the improvement of passenger ferry services. This may include requirements for safety standards, environmental protections, or other regulations aimed at enhancing the overall quality and reliability of passenger ferry operations. Overall, the Passenger Ferry Modernization Act is intended to support the growth and modernization of passenger ferry services in the United States, ultimately benefiting both passengers and the transportation industry as a whole.
Alternative Names
Official Title as IntroducedTo amend title 46, United States Code, to include certain passenger ferries as eligible and qualified vessels under Capital Construction Funds, and for other purposes.

Policy Areas
Transportation and Public Works

Potential Impact
Income tax deferral
Marine and inland water transportation

Comments

Recent Activity

Latest Summary11/25/2022

This bill makes certain ferries and passenger vessels eligible and qualified vessels for capital construction funds. U.S. citizens owning or leasing an eligible vessel may make an agreement with the Department of Transportation to establish a cap...


Latest Action3/2/2022
Referred to the Subcommittee on Coast Guard and Maritime Transportation.