WASHINGTON, D.C. – Today, Steel Manufacturers Association Executive Vice President Brandon Farris issued the following statement:

“SMA applauds introduction of the American Shipyard Investment Act, led by Rep. Nathaniel Moran. Policies that expand domestic shipbuilding capacity and revitalize our nation’s maritime industrial base are critical to supporting American-made steel.

“This legislation builds on recommendations in the Maritime Action Plan to leverage federal tax credits as part of a comprehensive maritime strategy for the United States. Steel manufacturers are ready to supply the steel for the next great chapter in American shipbuilding.”