Page:United States Statutes at Large Volume 110 Part 5.djvu/63

 PUBLIC LAW 104-239—OCT. 8, 1996 110 STAT. 3137 United States having periods to maturity comparable to the period to maturity for the obhgation with respect to which the determination of present value is made. "(3) A fee under this subsection shall be assessed and collected not later than the date on which amounts are first paid under an obligation with respect to which the fee is assessed. "(4) A fee paid under this subsection is not refundable. However, an obligor shall receive credit for the amount paid for the remaining term of the guaranteed obligation if the obligation is refinanced and guaranteed under this title after such refinancing. "(5) A fee paid under subsection (e) shall be included in the amount of the actual cost of the obligation guarsmteed under this title and is eligible to be financed under this title.". SEC. 14. MARTTIME POLICY REPORT. (a) REPORT. —The Secretary of Transportation shall transmit to the Confess a report setting forth the Department of Transportation's policies for the 5-year period beginning October 1, 1995, with respect to— (1) fostering and maintaining a United States merchant marine capable of meeting economic and national security requirements; (2) improving the vitality and competitiveness of the United States merchsint marine and the maritime industrial base, including ship repairers, shipbuilders, ship manning, ship operators, and ship suppliers; (3) reversing the precipitous decrease in the number of ships in the United States-flag fleet and the Nation's shipyard and repair capability; (4) stabilizing and eventually increasing the number of mariners available to crew United States merchant vessels; (5) achieving adequate manning of merchant vessels for national security needs during a mobilization; (6) ensuring that sufficient civil maritime resources will be available to meet defense deployment and essential economic requirements in support of our national security strategy; (7) ensuring that the United States msdntains the capability to respond unilaterally to security threats in geographic areas not covered by alliance commitments and otherwise meets sealift requirements in the event of crisis or war; (8) ensuring that international agreements and practices do not place United States maritime industries at an unfair competitive disadvantage in world markets; (9) ensuring that Federal agencies promote, through efficient application of laws and regulations, the readiness of the United States merchant marine and supporting industries; and (10) any other relevant maritime policies. (b) DATE OF TRANSMITTAL. —The report required under subsection (a) shall be transmitted along with the President's budget submission, under section 1105 of title 31, United States Code, for fiscal year 1997. SEC. 15. RELIEF FROM UNITED STATES DOCUMENTATION REQUIRE- MENT FOR 3 VESSELS. (a) IN GENERAL.— Notwithstanding any other law or any agreement with the United States Government, a vessel described in subsection (b) may be sold to a person that is not a citizen of

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