A U.S. House subcommittee hearing titled “Sinking the Marine Industry: How Regulations are Affecting Today’s Maritime Businesses,” will be held at 10 a.m. Thursday (July 12).
Soundings Trade Only reported that the Subcommittee on Investigations, Oversight and Regulations of the House Committee on Small Business will address federal policy and regulatory impediments for small businesses in the industry.
The wide-ranging discussion will examine regulatory actions by the Department of Labor; planning and permitting processes for the Army Corps of Engineers’ maintenance of navigable waterways; and the intrastate taxation of small businesses.
Specifically, the hearing will examine these issues in the context of job creation and economic growth within the small-business segment of the maritime industry.
An opening statement will come from subcommittee chairman Rep. Mike Coffman, R-Colo. Testimony will come from industry players, including Kristina Hebert, COO of Ward’s Marine Electric; Mark Ducharme, vice president and CFO of Monterey Boats on behalf of the Marine Industries Association of South Florida; and Capt. Steve Engemann, president of Herman Sand and Gravel, on behalf of the National Marine Manufacturers Association (NMMA).