Congress approves $29.9 million for Title XI program

摘要

One of the U.S. shipbuilding industry's most valued financial supports remains reasonably intact. Congress last month approved $29.9 million for the Maritime Loan Guarantee Program, or Title XI program, a $27.9 million increase over the President's Fiscal Year 2001 budget request. Allen Walker, president of the Shipbuilders Council of America (SCA) and chairman of the Title XI Coalition, said, "We're pleased that Congress has recognized that the Title XI program is an important component of our nation's maritime policy and has agreed to significantly increase funding levels over those requested by President Clinton in his Fiscal Year 2001 budget."