Sponsor: FRYE, William Pierce (R-ME)
Description: TO PASS H.R. 7023, (5-70-92, 27 STAT. L. 27), A BILL PROVIDING FOR REGISTRY OF FOREIGN BUILT STEAMSHIPS, AND FOR ENCOURAGING AMERICAN SHIP BUILDING. SPECIFICALLY, THE BILL GRANTS AMERICAN REGISTRY TO FOREIGN STEAMSHIPS OWNED BY A COMPANY, WHOSE STOCK IS 90 PERCENT OWNED BY AMERICAN CITIZENS, PROVIDED THAT SAID COMPANY BUILD IN AMERICAN SHIPYARDS EQUAL TONNAGE TO THE AMOUNT GRANTED IN THE CASE OF AMERICAN REGISTRY. (P. 4079-2,4080-2)
Original source documents: Congressional Record vol. 23-5, p. 4084; Senate Journal vol. 52-1, p. 256;