Title 46 — ShippingRelease 119-73
§53718 Annual report to Congress
Title 46 › Subtitle Subtitle V— - Merchant Marine › Part Part C— - Financial Assistance Programs › Chapter CHAPTER 537— - LOANS AND GUARANTEES › Subchapter SUBCHAPTER I— - GENERAL › § 53718
Summary
Each year the Administrator must report to Congress seven items about loan guarantees: total dollars guaranteed; dollars in troubled projects; project count/types; pending applications; funds for new guarantees; approved projects/defaults since last report.
Full Legal Text
Title 46, §53718
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The Administrator shall report to Congress annually on the loan guarantee program under this chapter. Each report shall include—
(1)the size, in dollars, of the portfolio of loans guaranteed;
(2)the size, in dollars, of projects in the portfolio facing financial difficulties;
(3)the number and type of projects covered;
(4)a profile of pending loan applications;
(5)the amount of appropriations available for new guarantees;
(6)a profile of each project approved since the last report; and
(7)a profile of any defaults since the last report.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 5371846 App.:1280b.Pub. L. 108–136, title XXXV, § 3527, Nov. 24, 2003, 117 Stat. 1802.
Editorial Notes
Amendments
2008—Pub. L. 110–181, § 3522(b), repealed Pub. L. 109–163, § 3507(c)(3). See 2006 Amendment note below. Pub. L. 110–181, § 3522(a)(9)(C), incorporated the substance of the amendment by Pub. L. 109–163, § 3507(c)(3), into this section by substituting “Administrator” for “Secretary of Transportation” in introductory provisions. See 2006 Amendment note below and section 18(a) of Pub. L. 109–304, set out as a Legislative Purpose and
Construction
note preceding section 101 of this title. 2006—Pub. L. 109–163, § 3507(c)(3), which directed the amendment of section 1280b of the former Appendix to this title from which this section was derived, was repealed by Pub. L. 110–181, § 3522(b). See 2008 Amendment notes and
Historical and Revision Notes
above.
Reference
Citations & Metadata
Citation
46 U.S.C. § 53718
Title 46 — Shipping
Last Updated
Apr 6, 2026
Release point: 119-73