Reauthorization of the Maritime Administration
On May 16, 2000, at a hearing before the Committee on Commerce, Science, and Transportation, U.S. Senate, we provided testimony on the Reauthorization of the Maritime Administration (MARAD). A copy of our statement is attached for your information. Our testimony addressed the following three issues:
(1) The approval and subsequent default on the Title XI loan guarantee for the Quincy Shipyard in Massachusetts;
(2) MARAD’s growing inventory of obsolete vessels and actions needed to scrap them; and
(3) The need for improved controls related to the administration of contracts for maintaining Ready Reserve Force (RRF) vessels.