46 USC 53719: Best practices
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*Public Law 119-60 has been enacted, but classifications have not been finalized. The currency ("laws in effect") date does not reflect acts for which classifications have not been finalized.

46 USC 53719: Best practices Text contains those laws in effect on January 8, 2026
From Title 46-SHIPPINGSubtitle V-Merchant MarinePart C-Financial Assistance ProgramsCHAPTER 537-LOANS AND GUARANTEESSUBCHAPTER I-GENERAL
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§53719. Best practices

The Secretary or Administrator shall ensure that all standard documents and agreements that relate to loan guarantees made pursuant to this chapter are reviewed and updated every four years to ensure that such documents and agreements meet the current commercial best practices to the extent permitted by law.

(Added Pub. L. 116–92, div. C, title XXXV, §3506(i)(1), Dec. 20, 2019, 133 Stat. 1973 .)