Amends Section 53504(b) of title 46, United States Code, by inserting after .

Strikes and replaces subsections (a) and (b) of 46 U.S.C. 53503 to (1) allow a U.S. citizen owning or leasing an eligible vessel or an operator of a U.S. marine terminal to make an agreement with the Secretary under this chapter to establish a capital construction fund, and (2) set allowable purposes to include replacement, additional, or reconstructed vessels built in the United States and replacement, additional, or reconstructed cargo handling equipment for operation at marine terminals in the United States.

Amends 46 U.S.C. 53512 by inserting the quoted terms at the specified location.

Amends section 53510 of title 46, United States Code: (1) in subsection (b) by inserting after both instances of ';'; (2) in subsection (c) by inserting after both instances of ';'; and (3) in subsection (d) by inserting after '.'.

Strikes subsection (a) and replaces it with a new subsection defining a 'qualified withdrawal' from a capital construction fund to cover (1) acquisition, construction, or reconstruction of a qualified vessel, related barges/containers, or cargo handling equipment and (2) payment of principal on indebtedness incurred for those items; redesignates subsection (c) as subsection (e); and inserts new subsections (c) and (d) that (c) prohibit withdrawals to purchase fully automated cargo handling equipment if the Secretary determines such equipment would result in a net loss of jobs within a marine terminal, and (d) prohibit withdrawals to purchase cranes manufactured in the People's Republic of China.

Amends 46 U.S.C. 53505(a): (1) in subparagraph (1) by inserting after ';'; (2) in subparagraph (2) by inserting after ';'; (3) in subparagraph (3) by inserting after both instances of '.'.