b'Additionally, H.R. 1 provides nearlystates and local governments forpassenger vessel industry. Increases in $30billiontoboostdomesticship- climate related initiatives theSmallShipyardGrantProgram building. The funding is earmarkedsatisfies a PVA legislative goal and may for a variety of uses but does includeForPVAmembersexploringserveasacatalystforfuturefederal maritimeworkforcetrainingandalow-emissionorhybridvesselde- funding levels.12-fold increase for the Small Ship- signs,orworkingwithportspur-yardGrantProgramoneofPVAssuingshoresideelectrification,However,therescissionofcli-priority issues raised by our membersthese cuts may limit future fundingmate-relatedprogramsmayaffect duringthePVALegislativeFly-In.opportunitiesandslowprogressmemberswhohadbeenrelyingon Whilenotallthesefundsareear- towardenvironmentalupgrades.federalsupportforenvironmental markedforcommercialshipyards,Whiletheserescissionsonlycancelinitiatives. It is also likely to dampen the overall increase reflects growingunspentfunds,theysendaclearinnovation in low-emission propul-recognitionofthestrategicimpor- signalaboutwherefuturefederalsionsystemsandgreeninfrastruc-tance of a resilient U.S. shipbuildingpriorities are headed. ture in the years ahead.sectorincludingthesmallership-yards that serve the domestic passen- TAX CHANGES For PVA members, the One Big Beau-ger vessel fleet. A potentially helpful provision in thetifulBillisamassiverealignment bill is a change in law to restore andoffederalpriorities,tiltingtoward GREEN SPENDING make permanent a 100 percent first- CoastGuardbordersecurityread-RESCISSIONS year bonus depreciation for qualifiediness,reinvestmentinshipbuilding TooffsetspendingincreasesandpropertypurchasedafterJan.19,capability,andtraditionalmaritime tomeetreconciliationsfiscalcon- 2025. This could be a huge win forsupport. It is also a very clear tran-straints, Congress rescinded unspentbusinesses investing in new vessels. sition away from the broad environ-fundsfromavarietyofpreviouslymental and climate agenda of recent approved federal grants and programsWHAT IT MEANS FOR years. For PVA, its a reminder that with climate and environmental pro- PVA MEMBERS advocacy must continue in order to grams taking a direct hit. Among theCoastGuardandshipyardfundingshapetheU.S.passengervesselsin-rescinded accounts were all unobligat- increases may prove beneficial for thedustry for the next generation.ed balances from:The Diesel Emissions ReductionAct (DERA), which hadfunded cleaner engines andexhaust retrofitsDIGITAL SHIPBUILDERSThe Clean Ports Program, to purchase new cargo-handlingDESIGN. BUILD. CONSULT.equipment incatcrowther.com Greenhouse Gas Reduction Fund, to develop and deploy zero-emissions technologies Environmental and Climate Justice Block grants provided to YANKEE FREEDOM IV34m Catamaran Passenger Ferry35 JULY 2025'