§53401. Definitions
In this chapter:
(1)
(A) commerce or trade between the United States, its territories or possessions, or the District of Columbia, and a foreign country; and
(B) commerce or trade between foreign countries.
(2)
(A) meets the requirements of one of paragraphs (1) through (4) of section 53402(b) of this title; and
(B) is no more than 20 years of age.
(3)
(4)
(5)
(6)
(7)
(A) means a trust for which-
(i) each of the trustees is a citizen of the United States; and
(ii) the application for documentation of the vessel under chapter 121 of this title includes an affidavit of each trustee stating that the trustee is not aware of any reason involving a beneficiary of the trust that is not a citizen of the United States, or involving any other person who is not a citizen of the United States, as a result of which the beneficiary or other person would hold more than 25 percent of the aggregate power to influence or limit the exercise of the authority of the trustee with respect to matters involving any ownership or operation of the vessel that may adversely affect the interests of the United States;
(B) does not include a trust for which any person that is not a citizen of the United States has authority to direct, or participate in directing, a trustee for a trust in matters involving any ownership or operation of the vessel that may adversely affect the interests of the United States or in removing a trustee without cause, either directly or indirectly through the control of another person, unless the trust instrument provides that persons who are not citizens of the United States may not hold more than 25 percent of the aggregate authority to so direct or remove a trustee; and
(C) may include a trust for which a person who is not a citizen of the United States holds more than 25 percent of the beneficial interest in the trust.
(8)
(Added
Editorial Notes
Amendments
2021-Par. (8).
Statutory Notes and Related Subsidiaries
Effective Date
"(1)
"(A) has completed the report on United States flagged fuel tanker vessel capacity as required by section 3519 of the National Defense Authorization Act for Fiscal Year 2020 [
"(B) has submitted that report to the appropriate committees of Congress;
"(C) publishes certification-
"(i) that a program for United States-flagged fuel tanker vessels as prescribed in chapter 534 of title 46, United States Code, as amended by this section, for the purpose of providing additional United States-flagged fuel tanker vessels is in the national security interest of the United State; and
"(ii) of the number of such additional tankers covered under such a program that could be necessary to meet Department of Defense wartime requirements.
"(2)
"(A) the Committee on Commerce, Science, and Transportation and the Committee on Armed Services of the Senate; and
"(B) the Committee on Transportation and Infrastructure and the Committee on Armed Services of the House of Representatives."