Consolidated Appropriations Act for FY 2023 provides full funding for vital U.S.-flag maritime programs
On December 29, President Biden signed into law the Consolidated Appropriations Act for fiscal year 2023 - legislation funding the federal government for the remainder of the current fiscal year, including programs crucial to the U.S.-flag fleet and U.S. Merchant Marine. This fiscal year runs through September 30, 2023.
The appropriations act provides full funding for the Maritime Security Program (MSP) fleet of 60 U.S.-flagged ships - $318 million for fiscal year 2023.
The appropriations act also provides full funding for the Tanker Security Program and the Cable Security Fleet, both of which are modeled after the MSP and require annual congressional approval of funding.
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