(a)
In general— The Secretary of Transportation, acting through the Administrator of the Maritime Administration, shall establish a program to provide grants to eligible entities to cover toll costs associated with rerouting cargo vessels from ports along the western seaboard of the United States through the Panama Canal to ports along the Gulf of Mexico and the eastern seaboard of the United States.
(b)
Grant amount— A grant provided under this section shall be in an amount equal to the cost of the toll fees at the Panama Canal.
(c)
Documentation required— To receive a grant under this section, an eligible entity shall submit to the Administrator documentation that such eligible entity—
(1)
had an agreement to dock a cargo vessel at a port along the western seaboard of the United States and intends to reroute such cargo vessel from such port through the Panama Canal to a port along the Gulf of Mexico or the eastern seaboard of the United States; and
(2)
has an agreement to dock such cargo vessel at such port along the Gulf of Mexico or the eastern seaboard of the United States.
(d)
Entities ineligible for grant— Any individual who is a member of the Chinese Communist Party or any company owned, in whole or in part, by the Chinese Communist Party may not receive a grant under this section.
(e)
Definition of eligible entity— In this section, the term eligible entity means the owner of a cargo vessel who intends to reroute such cargo vessel from a port along the western seaboard of the United States through the Panama Canal to a destination located in the United States.
(f)
Funding— Notwithstanding any other provision of law, not more than $125,000,000 of the total amount of unobligated funds made available under the CARES Act (Public Law 116–136) may be used to carry out this section.