§ 197. Voluntary purchase or charter agreements

Latest version.

During any period in which vessels may be requisitioned under chapter 563 of title 46, the President is authorized through the Secretary of Transportation to acquire by voluntary agreement of purchase or charter the ownership or use of any merchant vessel not owned by citizens of the United States.

(Aug. 9, 1954, ch. 659, § 2, 68 Stat. 675; Pub. L. 97–31, § 12(152), Aug. 6, 1981, 95 Stat. 167.)

Codification

In text, “chapter 563 of title 46” substituted for “section 902 of the Merchant Marine Act, 1936, as amended” on authority of Pub. L. 109–304, § 18(c), Oct. 6, 2006, 120 Stat. 1709, which Act enacted chapter 563 of Title 46, Shipping.

Amendments

1981—Pub. L. 97–31 substituted “Secretary of Transportation” for “Secretary of Commerce”.

                    
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