Next Generation Shipping Act

The Next Generation Shipping Act establishes a $10 billion federal program to fund the research, development, and deployment of zero-emission vessels and clean alternative fuel technologies for the maritime industry. Administered by the Department of Transportation, the program provides grants, low-interest loans, and loan guarantees to eligible entities such as ship owners, manufacturers, and port authorities, while explicitly prohibiting funding for automated vessel systems. The legislation also creates an advisory committee composed of representatives from labor, academia, environmental groups, and industry to guide the program and ensure it addresses technology gaps and environmental justice concerns. Additionally, the act mandates that projects receiving funding utilize prevailing wage standards and encourages the use of community benefits agreements to support local workforces and communities.