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Coastal and Inland Ports and Terminals Commerce Improvement Act

8/10/2022, 11:36 PM

Congressional Summary of HR 7416

Coastal and Inland Ports and Terminals Commerce Improvement Act

This bill directs the U.S. Maritime Administration (MARAD) of the Department of Transportation to provide grants to the owners or operators of certain inland and small coastal port and terminal facilities, and for infrastructure improvements, equipment purchases, and capital investments at such facilities.

Eligible facilities include piers, wharves, docks, terminals, and similar structures used principally for the movement of goods, including areas of land, water, or areas in proximity to such structure that are necessary for the movement of goods, located at a port, to and from which the average annual tonnage of cargo for the immediately preceding three calendar years from the time an application is submitted is less than 8 million short tons as determined using U.S. Army Corps of Engineers data.

In providing assistance, MARAD must

  • take into account the economic advantage and the contribution to freight transportation at eligible facilities, and the competitive disadvantage of such facilities;
  • not make more than one award per applicant for each fiscal year appropriation; and
  • promote the enhancement and efficiencies of such facilities.

MARAD may not provide funding unless it determines that sufficient funding is available for a recipient to meet federal matching requirements.

Current Status of Bill HR 7416

Bill HR 7416 is currently in the status of Bill Introduced since June 30, 2020. Bill HR 7416 was introduced during Congress 116 and was introduced to the House on June 30, 2020.  Bill HR 7416's most recent activity was Referred to the Subcommittee on Coast Guard and Maritime Transportation. as of July 1, 2020

Bipartisan Support of Bill HR 7416

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
12
Democrat Cosponsors
4
Republican Cosponsors
8
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7416

Primary Policy Focus

Transportation and Public Works

Potential Impact Areas

- Accounting and auditing
- Economic performance and conditions
- Financial services and investments
- Government lending and loan guarantees
- Infrastructure development
- Marine and inland water transportation
- Navigation, waterways, harbors
- Performance measurement
- Public-private cooperation

Alternate Title(s) of Bill HR 7416

Coastal and Inland Ports and Terminals Commerce Improvement Act
To amend title 46, United States Code, to allow the Administrator of the Maritime Administration to provide assistance to the owners and operators of certain ports and terminals, and for other purposes.
Coastal and Inland Ports and Terminals Commerce Improvement Act

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