S 1945 the Maritime Administration Authorization Act for Fiscal Year 1995 He
S 1945 the Maritime Administration Authorization Act for Fiscal Year 1995 He
Zation20act20for20fiscal20year201995203a20
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S. Shipyards and the U. S. Flag operating community. This bill passed the House on a vote of 347 to 65 on November 8, 1993. Because of the impact of foreign shipbuilding subsidies on our industry's ability to compete, H. R. 2151 incorporated provisions to deny operating subsidy eligibility for those vessels contracted for in subsidized foreign yards before May 19, 1993, and to require a shipowner who wishes to receive operating subsidy on a vessel con- tracted for in a subsidized foreign yard a...fter May 19, 1993, to give U. S. Yards a chance to bid on the vessel first. Series Transition Payments (STP). H. R. 2151 also provided for a short-term Series Transition Payment program for U. S. Yards as they convert from building military ships to building commercial ships. Before 1981, U. S. Yards were dedicated to meet- ing the specifications of the U. S. Navy and of U. S. Flag customers who required small runs of unique ships. After 1981, when Americans were shut out of the com- mercial market, they turned almost exclusively to building naval ships.
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