Next Generation Shipping Act

The Next Generation Shipping Act establishes a $10 billion funding program over ten years to support the development and deployment of zero-emission vessels and clean alternative fuel technologies. Administered by the Department of Transportation, the program provides grants, low-interest loans, and loan guarantees to eligible entities such as shipowners, manufacturers, and port authorities, while explicitly prohibiting the use of funds for automated vessel systems. To guide these efforts, the bill creates an advisory committee representing diverse stakeholders including labor groups, environmental organizations, and industry leaders to evaluate technologies and identify gaps. Additionally, the legislation mandates that funded projects prioritize workforce training, community benefits, and environmental justice, ensuring that laborers receive prevailing wages and that local communities are engaged throughout the project lifecycle.