Shipbuilding Innovation Act
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Summary
The Shipbuilding Innovation Act establishes a grant program administered by the Maritime Administration to fund vessel concept development and shipyard infrastructure improvements for building specialty vessels that support energy transition initiatives and incorporate innovative, energy-efficient propulsion systems. The bill authorizes $100 million annually from fiscal years 2025 through 2029 for grants covering up to 80 percent of project costs, requires a market opportunity study, and mandates annual congressional reporting on U.S.-flagged vessels capable of supporting energy transition. Grants are subject to Buy America requirements (70–80 percent domestic content) and standard federal oversight procedures.
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