Supports U.S. maritime industry and workforce through financial incentives, infrastructure modernization, and strategic fleet development.

The bill aims to bolster the U.S. maritime industry and workforce by providing financial incentives for shipbuilding and shipyard investments, modernizing maritime infrastructure, and developing a strategic commercial fleet. It includes provisions for tax credits, funding for shipyard investments, and support for the U.S. Merchant Marine Academy and State maritime academies. The bill also establishes a Maritime Security Advisor and Maritime Security Board to oversee maritime security and strategy, and mandates a study on the use of commercial best practices in Navy shipbuilding.

Supports U.S. maritime industry and workforce through financial incentives, infrastructure modernization, and strategic fleet development.

The bill aims to bolster the U.S. maritime industry and workforce by providing financial incentives for shipbuilding and shipyard investments, modernizing maritime infrastructure, and developing a strategic commercial fleet. It includes provisions for tax credits, funding for shipyard investments, and support for the U.S. Merchant Marine Academy and State maritime academies. The bill also establishes a Maritime Security Advisor and Maritime Security Board to oversee maritime security and strategy, and mandates a study on the use of commercial best practices in Navy shipbuilding.