b'LEGISLATIVE REPORTLEGISLATIVE What H.R. 1 Means for the Passenger Vessel IndustryRICHARD PATCH // LEGISLATIVE DIRECTORO nJuly4,2025,Presidenton which provisions can be included.particularlyenvironmentalandcli-TrumpsignedH.R.1,theThe Presidents signature on the mea- mate-relatedprogramschampioned OneBigBeautifulBillsure capped off a process that enabled(and funded) in earlier years.Act into law. Enactment of the billmajor legislative changes with the nar-ushersadramaticshiftinprioritiesrowest of majorities and no threat of aForthepassengervesselindustry, andareshapingoffederalprogramsSenate filibuster. the impact of H.R. 1 is a mixed bag. using a rarely available but powerfulOn one hand, the bill includes major legislative tool: budget reconciliation.One of the key features of H.R. 1 is itsnewinvestmentsintheU.S.Coast Usedonlywhenonepartycontrolsuse of rescissions, or the cancellationGuard and domestic shipbuildingthe House, Senate, and White House,ofpreviouslyapproved,butnotyetkey PVA priorities that can support reconciliation allows certain tax andexpended federal funds. These rescis- maritimesafety,marinertraining, spending measures to pass the Senatesions allow Congress to claw backfleet renewal, and industrial base re-with a simple majority, bypassing thebillionsofdollarsthathavebeensilience. On the other hand, the legis-usual60-votethresholdneededtoappropriatedinpastlegislationbutlation repeals programs and rescinds overcome a filibuster.remain unspent across dozens of pro- billions in future spending for green grams.Whileframedasadeficit-re- infrastructure,climateresilience Reconciliationcanonlybeusedforducingmeasure,thesetargetedcutsinitiatives,shoresideelectrification, legislation that directly affects federalalso signal a shift in policy priorities,and low-emission vessel projects. The revenues, spending, or the debt limit,aslawmakersselectivelyeliminatedresultisareshapedfederalfunding and it must comply with strict limitsfunding for a wide range of initiatives,landscapeonethatelevatestra-ditionalmaritimeprioritieswhile steppingbackfromlong-termenvi-ronmental commitments.We take the heat,A WIN FOR MARITIMEso you dont have to. SECURITY AND SHIPYARDSH.R.1deliveredupwardsof$25 Cool. Because you need it. We deliver cool based onbillion in new spending for the U.S. your reality. So no matter where you operate, hot days and heavy loads will never slow you down.Coast Guard. Much of this funding isaimedatbolsteringtheservices border security mission and accel-erating the acquisition of new cutters, icebreakers,helicopters,planes,and onshoreinfrastructure.Theextraor-dinaryinfluxoffundsisaimedat GRIDCOOLERWEKA OmegaKeel Cooler Boxcooler Laser Plate helpingtheCoastGuardmeetits heightened national security role. fernstrum.com| 1.906.863.5553| sales@fernstrum.com ISO 9001:2015 2023 R.W. Fernstrum & Company. All rights reserved. FERNSTRUM and GRIDCOOLER are registered trademarks of R.W. Fernstrum & Company. All other trademarks cited are the property of their respective owners.FOGHORN 34'