Lets port operators use special funds for equipment, but bans money for automated equipment that causes job losses or Chinese cranes.
This bill would let operators of U.S. marine terminals set up special savings accounts, called Capital Construction Funds, to buy or replace cargo handling equipment. These funds currently only help ship owners buy vessels. However, the bill would block using these funds for automated equipment that causes job losses or for cranes made in China.
Today, only owners or leasers of U.S. vessels can set up special tax-deferred savings accounts called Capital Construction Funds, using them to buy or rebuild ships. This bill would let U.S. marine terminal operators also set up these funds and use them for cargo handling equipment, like cranes and vehicles, but would specifically ban using the funds for job-losing automated equipment or cranes made in China.
HR 3842 · 119th Congress · June 9, 2025 · AI Summary by gemini-2.5-flash · 8/10
Sign in to see your representatives' phone numbers
7 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.