Title 46, ShippingRelease 119-102
§55304 Exports Financed by the United States Government
Title 46 › Subtitle V — Merchant Marine › Part D — Promotional Programs › CHAPTER 553 — PASSENGER AND CARGO PREFERENCES › SUBCHAPTER I — GOVERNMENT IMPELLED TRANSPORTATION › § 55304
Summary
Loans to export agricultural or other products must require shipment on U.S. ships unless the Secretary of Transportation, after investigation, says U.S. ships are not available in number, capacity, schedule, 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
Aug 21, 2026
Release point: 119-102