Sec. 117. Study on foreign investment in shipping
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/bill/116/s/3930/is/section-117A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Under Secretary of Commerce for International Trade (referred to in this section as the Under Secretary ) shall conduct an assessment of foreign subsidies to international shipping. Not later than 1 year after the date of enactment of this title, the Under Secretary shall submit to Congress a report on the assessment conducted under subsection (a), including— the amount, in United States dollars, of foreign subsidies to— the shipping industry of each country as a whole; the shipping industry as a percent of GDP of each country; and each ship on average, by ship type for cargo, tanker, and bulk; a description of the type of foreign subsidy, such as tax relief, direct payment, or other, as determined by the Under Secretary; and a description of how the foreign subsidies may be affecting the United States International competitiveness and national security.