Title 46 — ShippingRelease 119-73

§55304 Exports financed by the United States Government

Title 46 › Subtitle Subtitle V— - Merchant Marine › Part Part D— - Promotional Programs › Chapter CHAPTER 553— - PASSENGER AND CARGO PREFERENCES › Subchapter SUBCHAPTER I— - GOVERNMENT IMPELLED TRANSPORTATION › § 55304

Last updated Apr 6, 2026|Official source

Summary

Loans from U.S. agencies to help export farm or other products must say those goods be carried on U.S.-flag ships. The Secretary of Transportation, after checking, can say no U.S. ships are available in enough number, size, on needed schedules, or at reasonable rates.

Full Legal Text

Title 46, §55304

Shipping — Source: USLM XML via OLRC

It is the sense of Congress that any loans made by an instrumentality of the United States Government to foster the exporting of agricultural or other products shall provide that the products may be transported only on vessels of the United States unless, as to any or all of those products, the Secretary of Transportation, after investigation, certifies to the instrumentality that vessels of the United States are not available in sufficient number, in sufficient tonnage capacity, on necessary schedules, or at reasonable rates.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 5530446 App.:1241–1.Mar. 26, 1934, ch. 90, 48 Stat. 500; June 29, 1936, ch. 858, § 204, 49 Stat. 1987; Pub. L. 97–31, § 12(127), Aug. 6, 1981, 95 Stat. 165. This section codifies the Joint Resolution of March 26, 1934 (ch. 90, 48 Stat. 500) (also commonly known as Public Resolution 17). The codification of this provision is not intended to change its status as a “Sense of Congress” provision in any way. The words “Re

Construction

Finance Corporation or” are omitted as obsolete because the Re

Construction

Finance Corporation was abolished by section 6 of Reorganization Plan No. 1 of 1957 (5 App. U.S.C.).

Reference

Citations & Metadata

Citation

46 U.S.C. § 55304

Title 46 — Shipping

Last Updated

Apr 6, 2026

Release point: 119-73