Hearing On Hr 2754 Legislation to Implement the Oecd Shipbuilding Trade Agreeme

United States Congress House Committee On Natio

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(C) Section 1104B(b) (46 App. U. S. C. 1274a(b)) is amended by striking the period at the end and inserting the following: ", except that, with respect to Export Credit Understanding vessels and Shipbuild- ing Agreement vessels, the Secretary may establish by rule, regulation, or procedure a uniform percentage that the Secretary determines to be consistent with obliga- XL tions of the United States under the Export Credit Understanding or the Shipbuild- ing Agreement, as the case may be. ".
HEA...RING ON H. R. 2754, LEGISLATION TO IMPLEMENT THE OECD SHIPBUILDING TRADE AGREEMENT, AND RELATED ISSUES House of Representatives, Committee on National Security, Special Oversight Panel on the Merchant Marine, Washington, DC, Wednesday, May 22, 1996. The panel met, pursuant to call, at 10 a. M. In room 2118, Ray- burn House Office Building, Hon. Herbert H. Bateman (chairman of the panel) presiding.
OPENING STATEMENT OF HON. HERBERT H. BATEMAN, A REP- RESENTATIVE FROM VIRGINIA, CHAIRMAN, SPECIAL OVER- SIGHT PANEL ON THE MERCHANT MARINE Mr.

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