As I mentioned earlier, the only government support program for U.S. shipbuilders is the Title XI Ship Loan Guarantee Program. The program was revived and amended in FY 1994 as part of the National Shipbuilding Initiative contained in the National Defense Authorization Act. The purpose of the program was to help U.S. shipbuilders attract commercial shipbuilding orders in the face of a dramatic turndown in Navy orders and foreign government commercial shipbuilding subsidies.
Trent Lott: “As I mentioned earlier, the only government support program for U.S. shipbuilders is the Title XI Ship Loan Guarantee…”
Editor's note · Context
Discussing government support for U.S. shipbuilders and the Title XI Ship Loan Guarantee Program.
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