Coast Guard For Fy News

The Subcommittee on Coast Guard and Maritime Transportation, chaired by U.S. Rep. Frank LoBiondo (R-NJ), held a hearing this morning to examine the fiscal year (FY) 2013 budget requests for the United States Coast Guard, Federal Maritime Commission (FMC), and Maritime Administration (MARAD). “The Subcommittee is meeting today to hear testimony on the President’s fiscal year 2013 budget request from the leaders of the three federal agencies which promote, protect, and regulate vessels and mariners in U.S. waters and international trade. “As my colleagues know, our nation is facing a very tough budget climate as we try to control our exploding national debt. This Congress must continue to make extremely difficult decisions to bring our spending under control and cut the deficit.

Legislation to authorize more than $7.9 billion for the Coast Guard for Fiscal Year 2005, including $1.1 billion for the Deepwater project, was unanimously approved by the U.S. House Coast Guard and Maritime Transportation Subcommittee today. Deepwater is the Coast Guard’s program to replace and modernize its operational capital assets. The Coast Guard’s fleet is rapidly deteriorating, leading to higher safety risks and maintenance costs, and a lower state of readiness. At a Subcommittee hearing last week, the Commandant of the Coast Guard expressed concern that assets are wearing out faster than anticipated. The Coast Guard Authorization Act for FY 2005 (H.R. * U.S. Rep. * U.S. Rep. * U.S. Rep. * U.S. Rep. H.R.

The year 2000 has enjoyed special significance as a transition year bridging two centuries. Similarly it has significance with U.S. lawmakers for the Second Session of the 106th Congress. As the last year of the currently elected Congress, this year anticipates action on a series of pending legislative measures and yet to be introduced proposals affecting the maritime industry. Specifically tax-related legislation and maritime policy-related legislation could be addressed. There are several tax-related provisions that could be considered. One of the main bills emphasizing maritime tax issues has been introduced in the House by Rep. Jim McCrery (R-LA) as H.R. 3225 and in the Senate by Sen. John Breaux (D-La.) as S. 1858. These bills include such measures as:A.

“Amid extraordinary challenges, our determination, our courage, and our common purpose remain steadfast.” The new appropriations bill provides $6.3 billion for the Coast Guard for FY 2005, an 8.6 percent ($500 million) increase over 2004, and a 66 percent ($2.5 billion) increase over 2001 levels. As part of funding for Coast Guard programs, the appropriations bill includes $724 million for the Deepwater multi year acquisition to modernize and recapitalize the Coast Guard’s inventory of cutters, aircraft, and supporting systems. The $724 million congressional appropriation for the Deepwater Program comes to $46 million more than the president’s request of $678 million. President Bush signed the Department of Homeland Security Appropriations Act for Fiscal Year 2005 into law on Oct.