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This bill allows private companies operating interstate ferries to access federal construction funds as long as they provide public benefits and limit their profits to a reasonable level.AI-written
Opens up federal infrastructure grants to private ferry companies running routes between states, while requiring the government to cap their profit margins to protect passengers.
In many parts of the country, ferries are the only way to get across large bodies of water that separate states. Because these private ferries are often treated as businesses rather than public infrastructure, they can't always get the help they need to fix old boats or build better terminals. This can lead to higher ticket prices or less reliable service for people just trying to get to work.
If this becomes law, it could lead to newer, safer, and more environmentally friendly ferries because the companies would have access to federal grants for construction. However, if it doesn't pass, these private routes will continue to rely entirely on ticket sales and private investment, which may not be enough to keep up with the needs of the thousands of people who use them every day.
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This bill allows private companies operating interstate ferries to access federal construction funds as long as they provide public benefits and limit their profits to a reasonable level.AI-written
Opens up federal infrastructure grants to private ferry companies running routes between states, while requiring the government to cap their profit margins to protect passengers.
In many parts of the country, ferries are the only way to get across large bodies of water that separate states. Because these private ferries are often treated as businesses rather than public infrastructure, they can't always get the help they need to fix old boats or build better terminals. This can lead to higher ticket prices or less reliable service for people just trying to get to work.
If this becomes law, it could lead to newer, safer, and more environmentally friendly ferries because the companies would have access to federal grants for construction. However, if it doesn't pass, these private routes will continue to rely entirely on ticket sales and private investment, which may not be enough to keep up with the needs of the thousands of people who use them every day.
An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)