Completion of long-range program

Whenever the Secretary of Transportation determines that the objectives and policies declared in sections 50101 and 50102 of this title cannot be fully realized within a reasonable time under title V of the Merchant Marine Act, 1936, and the President approves the determination, the Secretary, in accordance with this chapter, shall complete the long-range program described in section 50102 of this title. (Source: (Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1664; Pub. L. 114–120, title III, § 313(b)(1), Feb. 8, 2016, 130 Stat. 58.))