We have received text from H.R. 10971: Gulf Maritime Restoration Act. This bill was received on 2026-11-10, and currently has no cosponsors.
Here is a short summary of the bill:
This bill would create a narrow exemption in federal maritime law for certain floating dry docks located at a shipyard in Ingleside, Texas .
What the bill changes
Under current law, there are restrictions on how certain vessels and maritime equipment can be moved. This bill would say that those restrictions do not apply when a floating dry dock is moved:
- from a shipyard in Ingleside, Texas,
- within 5 nautical miles of that shipyard, and
- for the purpose of launching or lifting a vessel as part of that vessel’s construction, maintenance, or repair.
Practical effect
In plain terms, the bill would make it easier to use a floating dry dock near this Texas shipyard without triggering the usual federal requirements that would otherwise apply to that movement. It is targeted at a specific location and a specific kind of maritime operation, rather than changing the law nationwide.
What it does not do
The bill does not broadly rewrite maritime law. It does not change rules for all dry docks or all shipyards. Instead, it creates a limited exception for one defined type of movement involving a floating dry dock in Ingleside, Texas.
Relevant Companies
None found.
Representative Michael Cloud Bill Proposals
Here are some bills which have recently been proposed by Representative Michael Cloud:
- H.R.10973: Master Sergeant Roy P. Benavidez VA Clinic Act of 2026
- H.R.10972: NEW HORIZON Act
- H.R.10971: Gulf Maritime Restoration Act
- H.R.10908: Ending Patient Runaround Act
- H.R.10327: Cost Estimates Improvement Act
- H.R.10047: Depot Data Transparency Act
You can track bills proposed by Representative Michael Cloud on Quiver Quantitative's politician page for Cloud.
Representative Michael Cloud Net Worth
Quiver Quantitative estimates that Representative Michael Cloud is worth $615.5K, as of November 11th, 2026. This is the 388th highest net worth in Congress, per our live estimates.
Cloud has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative Michael Cloud's net worth on Quiver Quantitative's politician page for Cloud.
2026 Texas's 27th Congressional District Election
There has been approximately $1,619,111 of spending in Texas's 27th congressional district elections over the last two years, per our estimates.
The rating for this race is currently "Solid R".
You can track this election on our matchup page for the 2026 Texas's 27th congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
