President Obama Signs Bill Encouraging Exports of LNG on U.S.-Flagged Vessels
Posted on Jan 9, 2015 in Policy, Legislation and Politics, Vessel Transportation | Comments Off on President Obama Signs Bill Encouraging Exports of LNG on U.S.-Flagged Vessels
President Obama has signed into law S. 2444, the Howard Coble Coast Guard and Maritime Transportation Act of 2014, which among other things, reauthorizes funding for the U.S. Coast Guard and Federal Maritime Commission, and encourages the use of U.S.-flagged vessels for LNG exports from the United States. Section 308 of the Act requires the Comptroller General of the United States to submit a report to certain House and Senate committees on the number of jobs, including vessel construction and vessel operating jobs, that would be created each year in 2015 through 2025 if LNG exported from the United States were required to be carried on U.S.-flagged and U.S.-built vessels. Read more in the press release.