S.1577

Amends restrictions on Coast Guard vessel construction in foreign shipyards.

The bill modifies the restriction on constructing Coast Guard vessels in foreign shipyards. It allows the President to authorize exceptions if it is in the national security interest of the United States, provided the shipyard is a NATO member or party to an active U.S. defense treaty in the Indo-Pacific region. The President must notify Congress and wait 30 days before making any contract. The Secretary can acquire completed vessels from such shipyards if they meet the same conditions and the host country's government enters into a warranty agreement with the U.S. Government.