Federal Register #MARAD-2026-1552

MARAD Regulatory Revision: Capital Construction Fund (CCF) Program Expansion and Updates

MARAD, part of the Department of Transportation, is proposing regulatory revisions to the Capital Construction Fund (CCF) Program. - Government Buyer: - Maritime Administration (MARAD), Department of Transportation - Scope of Proposed Rule: - Revises regulations to align with recent statutory amendments - Expands CCF Program eligibility to all U.S.-built vessels in domestic and foreign commerce - Removes geographic trade limitations for eligible vessels - Clarifies maximum allowable completion time for reconstruction projects - Permits use of CCF funds for vessel acquisitions under certain circumstances - Introduces mechanisms to terminate inactive, zero-balance, or accounts with no CCF objective commenced within ten years - Updates regulatory text, corrects citations, modernizes contact information, and removes obsolete references - Notable Requirements: - No procurement of products or services; this is a regulatory update - No OEMs or vendors are mentioned - No product or service line items are included, as this is not a purchasing opportunity

Description

MARAD proposes to revise its regulations governing the filing of applications and administration of Capital Construction Fund (CCF) Program accounts. The proposed rule would conform the regulations to recent statutory amendments extending CCF Program application to all U.S. built vessels engaged in U.S. domestic or foreign commerce, eliminate limitations on CCF Program availability to certain geographic trades, clarify the maximum allowable completion time for reconstruction projects, and provide for funds to be used for acquisitions under certain circumstances. Additionally, the NPRM proposes a mechanism to terminate inactive accounts, accounts with a zero balance, and accounts where a CCF Program objective has failed to commence within a 10-year period. The rule would also correct citations, modernize text, update contact information, and remove obsolete references.

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