Title 46 › Subtitle Subtitle V— - Merchant Marine › Part Part A— - General › Chapter CHAPTER 503— - ADMINISTRATIVE › § 50304
The Secretary of Transportation can sell property and set the sale terms, but not vessels that were transferred under section 4 of the Merchant Marine Act of 1920. When the President thinks it is in the United States' interest, the President can move control of certain property described in section 17 of the Merchant Marine Act of 1920 (as originally written) from a military department to the Secretary of Transportation. The President can also move that same kind of property from the Secretary of Transportation to a military department by executive order. The order must say why the transfer is needed and how long it will last. When the need ends, control returns to the Secretary of Transportation, and the property cannot be sold except as the law allows. The Secretary of Transportation may, on a reimbursable or nonreimbursable basis as the Secretary decides, charter or make a vessel available to another department when that department asks. If the vessel is in the Ready Reserve Force or the National Defense Reserve Fleet and is being kept for the Department of Defense, the Secretary of Defense must first agree.
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Shipping — Source: USLM XML via OLRC
Legislative History
Reference
Citation
46 U.S.C. § 50304
Title 46 — Shipping
Last Updated
Apr 6, 2026
Release point: 119-73