Title 46 › Subtitle V — Merchant Marine › Part E — Control of Merchant Marine Capabilities › CHAPTER 563 — EMERGENCY ACQUISITION OF VESSELS › § 56309
When the government has the power to requisition ships under this law, the President, through the Secretary of Transportation, may buy, requisition, charter, or take ownership or possession of foreign-owned merchant ships that are sitting unused in U.S. waters if they are needed for national defense. Owners must receive fair payment as set by the chapter. Payments or advances go into a separate fund at the U.S. Treasury, and money from that fund — including valid claims under section 56305 — is paid out when the Secretary of Transportation certifies it.
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Shipping, Source: USLM XML via OLRC
Legislative History
Reference
Citation
46 U.S.C. § 56309
Title 46, Shipping
Last Updated
Aug 21, 2026
Release point: 119-102