To amend title 46, United States Code, to include the replacement or purchase of additional cargo handling equipment as an eligible purpose for Capital Construction Funds, and for other purposes.

# Summary of HR 3842 **What the Bill Does** This bill would expand the rules governing Capital Construction Funds (CCFs), which are special savings accounts that allow U.S. maritime companies to set aside money for ship-related investments while getting tax benefits. Currently, these funds can be used for building or improving vessels.

The bill would add cargo handling equipment—the machinery and tools used to load and unload cargo from ships—as an eligible use of these funds, allowing maritime companies to replace or purchase new equipment using CCF money. **Who It Affects** The bill primarily affects U.S. shipping companies and the maritime industry. By making cargo handling equipment eligible for CCF investments, the legislation could help shipping companies modernize their equipment while taking advantage of existing tax incentives designed to strengthen the domestic maritime sector. **Current Status** HR 3842 was introduced by Representative Mike Ezell (R-MS) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full House of Representatives.