H.R. 2035 — American Cargo for American Ships Act

This section establishes an exception to the general requirement that U.S. government agencies ensure 50% of the gross tonnage of government-procured or financed ocean cargoes (computed separately for dry bulk carriers, dry cargo liners, and tankers) is transported on eligible privately-owned U.S.-flag commercial vessels, requiring instead that the Department of Transportation or financing recipients ensure 100% of such tonnage for DOT-related cargoes is so transported, to the extent such vessels are available at fair and reasonable rates. Eligible vessels are those documented under U.S. law for at least three years, or for less than three years after January 1, 2030, if the owner agrees to maintain such documentation for three years and enroll in specified Defense Production Act emergency preparedness agreements upon request.