Maritime Security Trust Fund established
Division C — Department of Energy National Security Authorizations and Other Authorizations › Title XXXVI — SHIPs for America › Subtitle B — Maritime Security Trust Fund
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Section 50301 of title 46, United States Code, is amended— (1) by striking the section heading and inserting Funds established; (2) in subsection (e)— (A) in paragraph (2), by redesignating subparagraphs (A), (B), and (C), as clauses (i), (ii), and (iii), respectively, and adjusting the margins accordingly; (B) by redesignating paragraphs (1), (2), and (3), as subparagraphs (A), (B), and (C), respectively, and adjusting the margins accordingly; (C) in subparagraph (A), as redesignated by subparagraph (B), by striking paragraph (2) and inserting subparagraph (B); (D) in subparagraph (B), as redesignated by subparagraph (B), in the matter preceding clause (i), by striking Paragraph (1) and inserting Subparagraph (A); and (E) in subparagraph (C), as redesignated by subparagraph (B), by striking Paragraph (1) and inserting Subparagraph (A); (3) in subsection (f), by redesignating paragraphs (1) through (4) as subparagraphs (A) through (D), respectively, and adjusting the margins accordingly; (4) by redesignating subsections (b) through (g) as paragraphs (2) through (7), respectively, and adjusting the margins accordingly; (5) in subsection (a), by striking In General and all that follows through There is a and inserting the following: (a) Vessel operations revolving fund (1) In general There is a; (6) in paragraph (4), by striking subsection (a) and inserting paragraph (1); and (7) by adding at the end the following: (b) Maritime security trust fund (1) In general There is a Maritime Security Trust Fund for use in carrying out programs or activities associated with supporting the merchant marine of the United States and the maritime industrial base. (2) Total balance The total amount in the Maritime Security Trust Fund at any time shall not exceed $20,000,000,000. (3) Expenditures Amounts in the Maritime Security Trust Fund shall be authorized to be appropriated out of the Maritime Security Trust Fund as provided by in appropriations acts made after the date of enactment of this Act..