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HR10479FEDERALIN_COMMITTEE
High Impact

Shipbuilding Innovation Act (H.R. 10479)

Original title: Shipbuilding Innovation Act

December 18, 2024

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Where This Stands

Introduced
Committee
Floor Vote
Passed
Signed

Currently IN_COMMITTEE. The next step in the legislative lifecycle is Floor Vote.

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

The Frame

What this does

If enacted, this bill would authorize $100 million annually from 2025 through 2029 to subsidize up to 80% of the costs for shipyard infrastructure and vessel design, directly impacting the financial viability of domestic maritime manufacturers and energy-related shipping operations.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

U.S. Shipyards

Shipyards are eligible to apply for federal grants to fund infrastructure and vessel development.

Maritime Administration

The agency is tasked with administering the grant program, auditing recipients, and issuing funding notices.

Energy transition companies

These entities may utilize the specialty vessels developed and built under this program.

What changed

Current stage: IN_COMMITTEE.

What's next

Floor Vote.

Summary

This bill proposes a new federal grant program to help U.S. shipyards develop and build specialized vessels for energy transition projects, such as those using innovative power systems. It also mandates a market study on the domestic construction of these vessels and requires annual reports to Congress on the status of the U.S.-flagged fleet.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What can the grant money be used for?
Funds can be used for capital improvements in shipyards to build specialty vessels for and for the actual construction of those vessels.
Are there restrictions on where materials must be sourced?
Yes, the bill includes '' provisions requiring a high percentage of domestic components, though exceptions exist for items unavailable in the U.S. or from specific defense-partner countries.
Who is eligible to apply for these grants?
The bill authorizes the Maritime Administrator to execute agreements with shipyards for new vessel concept development.

Why It Matters

If enacted, this bill would authorize $100 million annually from 2025 through 2029 to subsidize up to 80% of the costs for shipyard infrastructure and vessel design, directly impacting the financial viability of domestic maritime manufacturers and energy-related shipping operations.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Increasing Domestic Content Requirements

The bill explicitly scales up 'Buy America' requirements from 70% to 80% by 2029, signaling a legislative push for higher domestic manufacturing standards in the maritime sector.

Connected Entities

otherEnergy transition initiativesThe initiatives the vessels are designed to support.Map →
personSecretary of the NavyConsults on naval vessel needs.Map →
organizationShipyardsOrganizations that will receive grants to build vessels.Map →
locationUnited StatesU.S. based construction and support of specialty vessels.Map →
organizationCoast GuardThe Coast Guard is consulted on the program.Map →
personAdministrator of the Maritime AdministrationAdministers the vessel concept development and infrastructure grant program.Map →
personSecretary of TransportationResponsible for overseeing the market opportunity study.Map →
personSecretary of EnergyConsults on energy transition initiatives.Map →

Analysis Score

0–100
  • Significance75
    How much this matters to a regular citizen
  • Controversy20
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz30
    Current news / social attention level

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