It is the sense of Congress that in any loans made by any instrumentality of the Government to foster the exporting of agricultural or other products, provision shall be made that such products shall be carried exclusively in vessels of the United States, unless, as to any or all of such products, the Secretary of Transportation, after investigation, shall certify to the instrumentality of the Government that vessels of the United States are not available in sufficient numbers, or in sufficient tonnage capacity, or on necessary sailing schedule, or at reasonable rates.
Provisions of this section reading “any loans made by any instrumentality of the Government” and “shall certify to the instrumentality of the Government” were substituted for “any loans made by the Reconstruction Finance Corporation or any other instrumentality of the Government” and “shall certify to the Reconstruction Finance Corporation or any other instrumentality of the Government” in view of the abolition of the Reconstruction Finance Corporation and transfer of its remaining functions to Housing and Home Finance Agency, Administrator of General Services, Administrator of Small Business Administration, and Secretary of the Treasury pursuant to Reorg. Plan No. 1 of 1957, set out in Appendix of Title 5, Government Organization and Employees.
Section was not enacted as part of the Merchant Marine Act, 1936, which comprises this chapter.
Section was formerly classified to section
616a of Title
15, Commerce and Trade.
Amendments
1981—Pub. L. 97–31substituted “Secretary of Transportation” for “Commission”. For prior transfers of functions of the Commission, meaning the United States Maritime Commission, see Transfer of Functions note below.
Transfer of Functions
Functions of Shipping Board Bureau assumed by United States Maritime Commission on Oct. 26, 1936, under provisions of act June 29, 1936, set out as section
1114 of this Appendix. For subsequent transfers of functions, see Reorg. Plan No. 6 of 1949, Reorg. Plan No. 21 of 1950, and Reorg. Plan No. 7 of 1961, set out under section
1111 of this Appendix.
Exemptions
Export sales of certain agricultural commodities, see section
1707a of Title
7, Agriculture.
Functions authorized by Foreign Assistance Act of 1961, as amended, as exempt, see Ex. Ord. No. 11223, eff. May 12, 1965, 30 F.R. 6635, set out under section
2393 of Title
22, Foreign Relations and Intercourse.
Act Aug. 3, 1956, ch. 933, § 3,70 Stat. 988, provided that sales of fresh fruit and the products thereof under sections
1701 to
1709 of Title
7, Agriculture, should be exempt from the requirements of this section.
Section not affected by other requirements regarding transportation of certain cargoes in American vessels, see section
1241 of this Appendix.
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46a USC
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