Senate Hearing on Subsidies for Bulk Cargo Ships (1962)
July 20, 2026
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The Frame
The hearing evaluates whether the federal government should provide financial subsidies to support the construction of specific types of bulk cargo vessels, which impacts federal maritime spending and the domestic shipbuilding industry.
Potentially affected actors named in the source documents. Mention is not a position.
Secretary of Commerce
The Secretary would be granted the authority to enter into contracts for ship construction if the resolutions pass.
Domestic shipbuilders
The construction of the proposed ore or coal carriers would involve contracts for the domestic shipbuilding industry.
Last recorded activity July 20, 2026.
Next step not available in the current record.
Summary
Key Facts
- The hearing concerns S.J. Res. 160 and S.J. Res. 166, which are identical joint resolutions.
- The resolutions propose authorizing the Secretary of Commerce to contract for the construction of at least two ocean-going ore or coal carriers.
- The proposed contracts would be executed pursuant to the Merchant Marine Act of 1936, as amended.
- The hearing was held by the Merchant Marine and Fisheries Subcommittee of the Senate Committee on Commerce.
- The hearing took place on March 8, 1962, during the second session of the 87th Congress.
Why It Matters
The hearing evaluates whether the federal government should provide financial subsidies to support the construction of specific types of bulk cargo vessels, which impacts federal maritime spending and the domestic shipbuilding industry.
Frequently Asked Questions
What was the purpose of the March 8, 1962 hearing?
What law governs these proposed subsidies?
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Historical Maritime Subsidy Expansion
The document highlights a specific 1962 effort to expand the scope of the 1936 Merchant Marine Act to include specific bulk carriers.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz5Current news / social attention level
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