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Legislation aims to boost shipyards

Fincantieri’s Bay Shipbuilding and Marinette Marinette could stand to benefit from a bipartisan piece of legislation introduced in Congress last week. The Supplying Help to Infrastructure in Ports, Yards, and America’s Repair Docks (SHIPYARD) Act would provide $25 billion to make investments needed to improve the facilities and infrastructure at the country’s shipyards. Rep. Mike Gallagher is part of the bipartisan group of House representatives and Senators proposing the measure. The Green Bay Republican points to China as a big reason for his support at a time when the country commissioned three ships in a single day. He says strengthening America’s shipyards would be good news for the area.

The SHIPYARD Act would provide all funds via the Defense Production Act to make it easier for the Secretary of the Navy to award contracts. Approximately $4 billion of the funds would go towards repairs and new construction at shipyards, subcontractors, and suppliers that help maintain the U.S. Navy Fleet. Fincantieri Bay Shipbuilding will be assisting Marinette Marine’s efforts to build some of the new ships for the U.S. Navy.

 

Picture courtesy of Fincantieri Bay Shipbuilding from Rep. Gallagher's visit last August

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