DRILLBITS
Monthly eNewsletter from the IADC

US House Passes Coast Guard Reauthorization Bill

On 24 July, the US House of Representatives approved the Coast Guard Reauthorization Bill with a rider requiring the agency to assess its risk from climate change. Identified as H.R. 3409, the bill authorizes more than $8 billion annually for the Coat Guard for fiscal 2020 and 2021. Sections 305 and 306 are of particular interest to the U.S. Offshore industry as they address offshore installation vessels related to the Jones Act, and refinement of position descriptions that comprise the National Offshore Safety Advisory Committee (NOSAC), respectively.

The summary of the bill can be found here.