Duncan Hunter
US Flag Registry Now a Reality for Large Yachts
With the stroke of President Trump's pen on Monday, August 13, 2018, U.S. yacht owners are now able to fly an American flag and register their yachts - over 300 GT - in the United States.This new legislation modernizes outdated laws and brings the United States in line with current times, according to a yachting trade association. "This has been a significant issue that the U.S. Superyacht Association (USSA) has spent nearly a decade working to correct," said Kate Pearson, USSA Chair and vice president of business development of Safe Harbor Marinas.
More Coverage Expected from New Federal Regs
Legislation passed on Tuesday, July 29, 2014 by the U.S. House of Representatives will bring a benefit to improve insurance coverage at lower cost to companies and their workers in the recreational boating industry, said the Marine Industries Association of South Florida (MIASF), a trade organization dedicated to promoting, protecting and growing marine business jobs. H.R. 3896 achieved this by amending the Longshore and Harbor Workers’ Compensation Act to provide a simplified definition of recreational vessels for purposes of the Act. The legislation was spearheaded and introduced last January by U.S. Rep. Debbie Wasserman Shultz of Florida.
