A bill passed Tuesday by the U.S. House of Representatives would offer American

Source

Portland Press Herald

Date

8-6-1994

Pages

1A, 5A

Abstract

A bill passed Tuesday by the U.S. House of Representatives would offer American shipbuilders $350 million in short-term subsidies to help them become more efficient, but the legislation may not survive the U.S. Senate. An international pact signed two weeks ago by the United States that will force foreign governments to stop subsidizing their shipyards could result in the bill's defeat. Bath Iron Works President Duane Fitzgerald on Thursday said that BIW needs financial help to learn how to compete in the commercial shipbuilding market, but most other American shipbuilding companies prefer an end to subsidies. Details, related article with details on government programs for shipbuilding companies.

Subjects

Bath Iron Works, Shipbuilding, Subsidies

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