H.R. 7774: Federal Enhancement and Revitalization of Reliable Infrastructure for Essential Seaways Act

This bill, titled the Federal Enhancement and Revitalization of Reliable Infrastructure for Essential Seaways Act, aims to improve the funding and support for passenger ferry services across the United States. Here’s an overview of the key aspects of the bill:

Funding for Passenger Ferry Services

The bill authorizes increased federal funding for various ferry service programs and facilities over a five-year period, from fiscal years 2027 to 2031. The major funding provisions include:

• Construction of Ferry Boats and Terminal Facilities: Allocates $160 million for 2027, escalating to $168 million by 2031.
• Urban Passenger Ferry Grant Program: Provides $200 million annually from 2027 to 2031 to support urban ferry services, with adjustments to the distribution of existing funds.
• Ferry Fleet Modernization and Shipyard Job Creation Program: Establishes a grant program to support the modernization of ferry fleets and create jobs in shipbuilding. This program will have up to $140 million available each year for five years.
• Rural Ferry Grant Program: Allocates $300 million each year through competitive grants to states for essential ferry services in rural areas.

Authorization of Appropriations

The bill specifies that funding will come from the general fund of the Treasury and be in addition to existing federal transportation funds. It also outlines that not more than 2% of the total funds can be used for administrative expenses.

Adjustments to Existing Programs

This legislation includes numerous amendments to existing transportation laws, specifically in titles 23 and 49 of the United States Code. It modifies current grant structures and aims to remove barriers to more efficient funding and operation of ferry services.

Overall Goals

The main goals are to enhance the infrastructure of ferry services, ensure reliable transportation options for communities, especially in urban and rural areas, and to promote job creation related to ferry construction and service operation.

Relevant Companies

• General Electric (GE): GE Power may have a role in providing technology and equipment for ferry construction and modernization projects.
• MTU Aero Engines AG (MTU): Involved in manufacturing engines and propulsion systems that could be integrated into new ferry designs.
• CNH Industrial (CNHI): The company might supply machinery or vehicles related to ferry service logistics and operations.