To amend title 46, United States Code, to allow the Administrator of the Maritime Administration to finance vessel retrofit, repair, or similar work required for the vessel to be a vessel of the United States, and for other purposes.

“(8) Financing (including reimbursement of an obligor for expenditures previously made for) reconstruction, reconditioning, retrofitting, repair, or similar work in a shipyard located in the United States—

“(A) required for the vessel to be a vessel of the United States;

“(B) required for the vessel to be issued a coastwise endorsement under chapter 121;

“(C) to convert a civilian vessel of the United States to a more useful military configuration;

“(D) for any vessel under contract to the Federal Government; or

“(E) for any vessel participating in:

“(i) the Maritime Security Program under chapter 531;

“(ii) the Cable Security Fleet under chapter 532; or

“(iii) the Tanker Security Fleet under chapter 534.”