Considers legislation extending domestic sea trade charters eligibility to passenger ships.

Considers legislation to revise price adjustment regulations for sales of war-built vessels.

Considers legislation to authorize exchanges of certain war-built merchant vessels purchased as Government surplus for certain other Government surplus war-built merchant vessels.

Considers legislation to authorize the construction and conversion of prototype ships, to authorize the Maritime Administration to conduct research and experimental work on ships, ships' propulsion and equipment, port facilities, and planning operation and cargo handling on ships at port; and authorize the Maritime Administration to require the filing of ship utilization and performance reports by operators of U.S. ships in foreign trade.

[pt. 1]:Considers legislation to revise Federal shipbuilding and operating subsidy programs, to authorize Federal investigations of employment and wage conditions on subsidized vessels, and to authorize a shipbuilding contract allocation program to maintain regional shipbuilding employment levels; pt. 2: Considers legislation to authorize Commerce Dept acquisition of vessels and material for emergency and war purposes and to revise methods for payment for construction and computation of depreciation on reconstructed vessels. Immediate effect of legislation would be to authorize Government purchase of Monterey and Mariposa to be utilized as troop carriers.