StacksVerified U.S. regulatory reference

46 U.S.C. § 58103

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov
  1. (a)Except with the written consent of the Secretary of Transportation, a contractor holding a contract under the operating-differential subsidy program or under chapter 575 of this title may not—
    1. (1)employ another person as the managing or operating agent of the operator; or
    2. (2)charter a vessel, on which an operating-differential subsidy is to be paid, for operation by another person.
  2. (b)If a charter prohibited by this section is made, the person operating the chartered vessel is subject to all the provisions of this subtitle and the operating-differential subsidy program, including limitations of profits and salaries.