The Nation - News from June 5, 1986
The Reagan Administration tentatively endorsed a bill aimed at opening an American beachhead in the booming, $5-billion cruise ship business, which is dominated by foreign carriers that receive 90% of the money spent by American passengers. The bill, sponsored by Sen. Ted Stevens (R-Alaska), would allow five foreign-built passenger ships to be bought by U.S. operators and rechartered as American flag vessels for the domestic cruise ship trade. Existing law says domestic cruise ships must be built in the United States.
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