Title 46 — ShippingRelease 119-73not60
§53718 Annual Report to Congress
Title 46 › Subtitle Subtitle V— Merchant Marine › Part C— Financial Assistance Programs › Chapter 537— LOANS AND GUARANTEES › Subchapter I— GENERAL › § 53718
Summary
Each year the Administrator must report to Congress about the loan guarantee program. The report must say the total dollars guaranteed; dollars in projects having money problems; how many and what kinds of projects; a snapshot of pending applications; how much money is available for new guarantees; and short profiles of each project approved and of any defaults since the last report.
Full Legal Text
Title 46, §53718
Shipping — Source: USLM XML via OLRC
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 L. 110–181, § 3522(b), repealed Pub.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directed the amendment of section 1280b of the former Appendix to this title from which this section was derived, was repealed by Pub.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 5, 2026
Release point: 119-73not60