To require United States shipyards to repay Federal financial assistance if they are sold to foreign persons, to prohibit the use of Federal funds for capital improvements at foreign-owned shipyards, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To require United States shipyards to repay Federal financial assistance if they are sold to foreign persons, to prohibit the use of Federal funds for capital improvements at foreign-owned shipyards, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Defense, Environment.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H67BA413394DF4D69A5D25FE90E604643: 1. Short title This Act may be cited as the Protecting American Investment in Shipbuilding Act of 2024.
- Section HFA5366F2A8374D42BC244C4568CC3AAA: 2. Repayment of Federal financial assistance by shipyards purchased by foreign persons With respect to a United States shipyard that has received Federal...
- Section H914EDDC25F1343BBB121F0696D19F7DA: 3. Prohibition on using Federal funds for capital improvements for shipyards not wholly-owned by United States persons Notwithstanding any other provision of...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To require United States shipyards to repay Federal financial assistance if they are sold to foreign persons, to prohibit the use of Federal funds for capital improvements at foreign-owned shipyards, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Defense, Environment
Primary Purpose
This bill, To require United States shipyards to repay Federal financial assistance if they are sold to foreign persons, to prohibit the use of Federal funds for capital improvements at foreign-owned shipyards, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Higgins of Louisiana introduced the following bill; which was …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
any type of financial assistance (including grants, financing, tax credits, or otherwise) provided under any Federal program, including— title III of the Defense Production Act of 1950
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology