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Title 46, ShippingRelease 119-102

§53718 Annual Report to Congress

Title 46 › Subtitle V — Merchant Marine › Part C — Financial Assistance Programs › CHAPTER 537 — LOANS AND GUARANTEES › SUBCHAPTER I — GENERAL › § 53718

Last updated Aug 21, 2026|Official source

Summary

The Administrator must send Congress a yearly report about the loan guarantee program. Each report must include seven things: the total dollar amount of loans guaranteed; the dollar amount of projects in the program that are having financial trouble; how many projects there are and what kinds they are; a snapshot of pending loan applications; how much money is available for new guarantees; details on each project approved since the last report; and details on any defaults since the 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 L. 110–181, § 3522(b), repealed Pub.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directed the amendment of section 1280b of the former Appendix to this title from which this section was derived, was repealed by Pub.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

Aug 21, 2026

Release point: 119-102