section 55305 of title 46For the purpose of facilitating implementation of , funds made available for the purposes of part I of subchapter I of this chapter or for purposes of part IV of subchapter II of this chapter may be used to make grants to recipients to pay all or any portion of such differential as is determined by the Secretary of Commerce to exist between United States and foreign-flag vessel charter or freight rates. Grants made under this section shall be paid with United States-owned foreign currencies wherever feasible.
Pub. L. 87–195Pub. L. 93–189, § 2187 Stat. 726Pub. L. 96–533, title VII, § 70894 Stat. 3159(, pt. III, § 640C, as added , , ; amended , , .)
Editorial Notes
Codification
section 55305 of title 4646 U.S.C. 1241(b)Pub. L. 109–304, § 18(c)120 Stat. 1709section 55305 of Title 46In text, “” substituted for “section 901(b) of the Merchant Marine Act, 1936 ()” on authority of , , , which Act enacted , Shipping.
Amendments
Pub. L. 96–5331980— substituted “part IV of subchapter II of this chapter” for “subchapter IV of this chapter”.
Statutory Notes and Related Subsidiaries
References to Part I Deemed To Include Section 2293
section 2293 of this titlesection 2293(d)(1) of this titleReferences to part I of subchapter I of this chapter are deemed to include a reference to . See .