§1172. Determination of necessity of subsidy to meet competition

Except with respect to cruises authorized under section 1183 of this Appendix, no contract for an operating-differential subsidy shall be made by the Secretary of Transportation for the operation of a vessel or vessels to meet foreign competition, except direct foreign-flag competition, until and unless the Secretary of Transportation, after a full and complete investigation and hearing, shall determine that an operating-differential subsidy is necessary to meet competition of foreign-flag ships.

(June 29, 1936, ch. 858, title VI, §602, 49 Stat. 2002 ; June 23, 1938, ch. 600, §40(b), 52 Stat. 964 ; Pub. L. 87–45, §3, May 27, 1961, 75 Stat. 91 ; Pub. L. 91–469, §35(a), Oct. 21, 1970, 84 Stat. 1035 ; Pub. L. 97–31, §12(94), Aug. 6, 1981, 95 Stat. 161 .)

Amendments

1981-Pub. L. 97–31 substituted "Secretary of Transportation" for "Secretary of Commerce" wherever appearing.

1970-Pub. L. 91–469 substituted "Secretary of Commerce" for "Commission" in two places.

1961-Pub. L. 87–45 excepted cruises authorized under section 1183 of this Appendix.

1938-Act June 23, 1938, substituted "operating-differential subsidy" for "operating subsidy".