Page 27: of Marine News Magazine (April 2019)

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strenuously maintained that there is no as critical component of their over-

Jeff Vogel is a member in Cozen national defense basis for the waiver, as all national security strategy. Without

O’Connor’s Transportation & Trade required by federal law. similar investment, recent Congres-

Group. He can be reached at:

Following the theme of question- sional statements about the strategic [email protected]. able support, the Consolidated Ap- national importance of our domestic propriations Act again failed to pro- shipbuilding industry are meaningless. vide funding for MARAD’s Federal

Ship Financing Program (Title XI).

The program currently has $32 mil- lion in available subsidy, equating to approximately $504 million in loan guarantees. However, with the re- cent approval of Title XI