The Administrator of the Maritime Administration shall report to Congress annually on the loan guarantee program under title XI of the Merchant Marine Act, 1936 (46 App. U.S.C. 1271 et seq.). The reports 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.
The Merchant Marine Act, 1936, referred to in text, is act June 29, 1936, ch. 858, 49 Stat. 1985, as amended. Title XI of the Act is classified generally to this subchapter (§ 1271 et seq.). For complete classification of this Act to the Code, see section
1245 of this Appendix and Tables.
Section was enacted as part of the Maritime Security Act of 2003, and also as part of the National Defense Authorization Act for Fiscal Year 2004, and not as part of the Merchant Marine Act, 1936, which comprises this chapter.
2006—Pub. L. 109–163substituted “Administrator of the Maritime Administration” for “Secretary of Transportation” in introductory provisions.
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The most recent Classification Table update that we have noticed was Tuesday, April 16, 2013
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