(a) Operation in foreign commerce.--A contractor for a vessel included in an operating agreement under this chapter
may operate the vessel in the foreign commerce of the United States without restriction.
(b) Other restrictions.--The restrictions of section 55305(a) of this title concerning the building, rebuilding, or documentation of a vessel in
a foreign country shall not apply to a vessel for any day the operator of that vessel
is receiving payments for operation of that vessel under an operating agreement under
(c) Telecommunications equipment.--The telecommunications and other electronic equipment on an existing vessel that
is redocumented under the laws of the United States for operation under an operating
agreement under this chapter shall be deemed to satisfy all Federal Communications
Commission equipment certification requirements, if--
(1) such equipment complies with all applicable international agreements and associated
guidelines as determined by the country in which the vessel was documented immediately
before becoming documented under the laws of the United States;
(2) that country has not been identified by the Secretary as inadequately enforcing international
regulations as to that vessel; and
(3) at the end of its useful life, such equipment will be replaced with equipment that
meets Federal Communications Commission equipment certification standards.
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