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AMERICAN SHIPBUILDER
Vol. 14, Issue 2 May-June 2008
House and Senate Do Not Increase the Naval Shipbuilding Budget
On May 22nd, the House of Representatives passed its version (HR 5658) of the FY 2009 National Defense Authorization Act. The Senate Armed Services Committee has completed work on its bill (S 3001), which has yet to be taken up by the full Senate. In the FY 2009 budget submitted to Congress in February, the Navy requested $12.4 billion for 7 new ships. The House bill provides $12.5 billion for the procurement of 6 ships, and the Senate bill authorizes $12.3 billion for 7 ships. Rather than increasing the Navy’s topline request and adding ships to the budget, the House and Senate bills essentially reallocate money within the Navy’s ship procurement and National Defense Sealift Fund (NDSF) accounts. |