We have received text from H.R. 4952: Ensuring Coast Guard Readiness Act. This bill was received on 2025-08-12, and currently has no cosponsors.
Here is a short summary of the bill:
This bill, titled the "Ensuring Coast Guard Readiness Act," proposes changes to the existing rules regarding the construction of vessels for the Coast Guard. Currently, U.S. law restricts the construction of Coast Guard vessels in foreign shipyards. The new bill aims to allow exceptions to this prohibition under specific conditions.
Key Provisions of the Bill
- Presidential Authority: The President can authorize exceptions to the prohibition on foreign construction if it is deemed to be in the national security interest of the United States.
- Eligible Countries: The foreign shipyard must be located in a NATO member country or a country in the Indo-Pacific region that has a mutual defense treaty with the U.S.
- Cost Consideration: The construction cost in the foreign shipyard must be less than what it would be in a domestic shipyard.
- Congressional Notification: The President must inform Congress of any determination to allow this exception. Contracts for construction cannot begin until 30 days after Congress receives this notification.
- Certification Requirement: Before construction can start, the Commandant of the Coast Guard must certify that the foreign shipyard is not owned or operated by a Chinese company or any multinational company based in China.
Conforming Amendments
The bill also contains a conforming amendment, which updates the related legal codes to include references to this new exception provision.
Purpose of the Bill
The overarching goal of the bill is to ensure the readiness of the Coast Guard by potentially allowing the construction of vessels at a lower cost and ensuring the capability to respond to national security needs more efficiently.
Projected Impact
By permitting construction in select foreign shipyards under certain criteria, the bill aims to provide greater flexibility in how the U.S. Coast Guard can procure vessels, potentially speeding up the process and managing costs effectively.
Relevant Companies
None found
Representative Mike Kennedy Bill Proposals
Here are some bills which have recently been proposed by Representative Mike Kennedy:
- H.R.4952: Ensuring Coast Guard Readiness Act
- H.R.4951: Ensuring Naval Readiness Act
- H.R.4684: Star-Spangled Summit Act of 2025
- H.R.3595: Safe Prescribing Through Reporting Act of 2025
- H.R.3451: To amend the National Trails System Act to direct the Secretary of the Interior to conduct a study on the feasibility of designating the Bonneville Shoreline Trail.
- H.R.3425: POST Act of 2025
You can track bills proposed by Representative Mike Kennedy on Quiver Quantitative's politician page for Kennedy.
Representative Mike Kennedy Net Worth
Quiver Quantitative estimates that Representative Mike Kennedy is worth $1.4M, as of August 15th, 2025. This is the 281st highest net worth in Congress, per our live estimates.
Kennedy has approximately $23.5K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Mike Kennedy's net worth on Quiver Quantitative's politician page for Kennedy.
Representative Mike Kennedy Stock Trading
We have data on up to $15.0K of trades from Representative Mike Kennedy, which we parsed from STOCK Act filings. Some of the largest trades include:
- A May 9th, 2025 purchase of up to $15K of $BRK.B. The stock has fallen 6.72% since then.
You can track Representative Mike Kennedy's stock trading on Quiver Quantitative's politician page for Kennedy.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
