This Odd Lots podcast episode interviews Senators Todd Young (R-IN) and Mark Kelly (D-AZ) about the SHIPS for America Act, aiming to revitalize the US maritime industry. The senators discuss the decline of US shipbuilding, the national security implications of relying on foreign fleets (particularly China), and the proposed act's provisions for workforce development, ship construction incentives, and a maritime security trust fund. A key takeaway is the act's goal of increasing the number of US-flagged ocean-going vessels to 250 within 10 years, funded by industry fees and tax credits, aiming to improve national security and economic resilience. The discussion also touches upon potential Chinese retaliation and the need for international collaboration to mitigate this risk.
