June 20, 2022

NMMA Bipartisan Innovation ActThe NMMA reported that before Congress adjourns for its summer recess, there are several large pieces of legislation lawmakers are looking to pass, including the Bipartisan Innovation Act, which is a key policy priority for the recreational boating industry.

Passage of the Bipartisan Innovation Act will level the playing field for marine manufacturers, and will address a number of priorities for marine manufacturers, including:

Reinstate and expand the exclusion process for Section 301 tariffs, which are currently costing marine manufacturers over $30 million in taxes;

Address the U.S. semiconductor shortage currently impacting and stalling the marine manufacturing process;

Invest in American manufacturing by boosting research and development (R&D) and allowing business to fully deduct R&D expenses in the same year they are incurred.

Published in the Orlando Sentinel, Bill Yeargin, CEO of Correct Craft, published an opinion piece highlighting the importance of the Bipartisan Innovation Act for marine manufacturers, specifically as it relates to semiconductor chips.

The piece states:

Semiconductor chips have been the brains of marine engines for years and now they are becoming the brains of the entire boat. As recreational boats and the boating lifestyle continue to incorporate more advanced and connected technologies, it is likely that boats will require upwards of 100 chips in the not-too-distant future.

Without these chips, our economy grinds to a halt. And this is not just a supply chain issue; it is a serious national security issue too.

Fortunately, the Biden administration and Congress have come together to fix the U.S. chip dependency problem by developing the Bipartisan Innovation Act, legislation which seeks to strike a compromise between the House of Representatives’ America COMPETES Act and the Senate’s U.S. Innovation and Competition Act. Specifically, the Bipartisan Innovation Act would provide billions of dollars of public and private funding to bolster domestic production of semiconductor chips.

Other smart elements in the Bipartisan Innovation Act include funding for regional innovation hubs and apprenticeship programs. The conference committee is also working to address additional global competitiveness and supply chain challenges in the legislation, including restoring the exclusion process for Section 301 tariffs, renewing the recently expired tax credit for research and development expenses, and cracking down on unfair shipping practices from foreign entities. These are critical issues for a countless number of American industries, and it behooves negotiators to incorporate these provisions in the final bill.

The op-ed may be read in its entirety with a subscription here.

For questions or additional information about the Bipartisan Innovation Act, please contact NMMA director of federal government relations, Clay Crabtree, at This email address is being protected from spambots. You need JavaScript enabled to view it.

  • Prev
You work hard to run a great business and cultivate a culture of performance and customer service. ...
The next graduate in our Marine Industry Career Path series is one of Canadian Yachting Media’s ...
After a long and busy summer, Boating Ontario invites you to get away from it all and escape to ...
The 2022 NMEA Marine Electronics Conference & Expo will be the largest industry trade event in ...
The International BoatBuilders’ Exhibition and Conference (IBEX) has announced the distinguished ...
The Canadian Safe Boating Council wants to acknowledge these heroes and showcase their commitment ...
We invite you to a Taste of Expo! Our webinar will feature 3 experts giving us a short preview of ...
Boating BC is looking forward to hosting their Boating BC Conference in November. Marina Night will ...
Marine service managers face unique challenges in their day-to-day operations. They need ...
The Maritime Museum of BC, and sponsor Canoe Cove Marina and Boatyard, with support from the ...

Nominate Your Boating Heroes Today - CANADIAN SAFE BOATING AWARDS

 

Be #WakeAware

The Canadian Safe Boating Council wants to acknowledge these heroes and showcase their commitment to safe boating. The CANADIAN SAFE BOATING AWARDS, usually called the CASBAs, honours the people, programs, and organizations that help to make boating in Canada safer and better for all of us.

Who are these heroes?

They could be a family or individual who saves a life; a boating safety advocate, a volunteer or teacher whose passion for boating engages people and influences boating safety...

Read More


 

Boating Industry Canada News Week

 

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you're looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here

 

 

 

 

 

Marine Products

  • Prev
New Dublin Ship Fittings is setting up in Lunenburg, Nova Scotia as a machine shop specializing in ...
Volvo Penta releases a revolutionary joystick docking system for single diesel Aquamatic sterndrive ...
Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), has announced the inReach® Mini 2 ...
Smart OEMs are constantly looking for products and features that provide them a competitive edge ...
Back in February of this year, OXE Marine launched the news of their collaboration with JET-TECH. ...
Fires resulting from lithium battery cell failure are notoriously volatile and fast evolving. ...
The French-based company TEMO, manufacturer of the first portable, electric-powered outboard motor ...
Humphree, a leading provider of stabilization and trim solutions for the global marine industry, is ...
Tying off lines to position fenders before arriving at the dock can be a repetitive and ...
CDI Electronics, a leading ignition specialist, announces the release of two new Yamaha Pulser ...

 

Shurhold Snap and Zipper LubricantWords of exasperation wafting across a marina often signal a boat owner fighting with a jammed zipper or snap that won't catch. This frustrating situation is simple to avoid by using Snap Stick from Shurhold. Made in the USA, the easy-to-apply lubricant keeps marine fittings working smoothly for up to three months and reduces stress levels around the docks.

A unique, wax-like formula, Snap Stick lubricates and protects plastic and metal snaps, zippers, hinges and other small hardware from the effects of harsh marine environment exposure. Unscented, non-toxic and biodegradable, it won't harm fabrics and other boat surfaces. Non-soluble, it doesn't rinse off when exposed to rain and spray, or boat washing. 

Read More


 

People

  • Prev
Canadian Boat Shows announces that their new Show Manager for the Vancouver International Boat Show ...
As of August 2022, Boris Heitmann (58) has taken over responsibility as Vice President ...
Kim Knudsen has just joined the Quadrant team as their new Community Partnerships and Training ...
MarineMax welcomes Margriet Mitchell as the new brand marketing manager for Azimut, Cruisers ...
"Dad passed away peacefully on June 25th, at his home on Sturgeon Lake, just shy of his 92 ...
Chaparral Boats, Inc. and Robalo Boats LLC awarded $100,000 in college scholarships to ten ...
Meet Brook Butler, Quadrant Marine Institute MST instructor in Sidney. On the job, he’s a Marine ...
Mercury Marine, a division of Brunswick Corporation (NYSE: BC), has named Perissa Millender Bailey ...
MasterCraft Boat Company, a subsidiary of MasterCraft Boat Holdings Inc. (NASDAQ: MCFT), announced ...
The Boating Ontario Association is excited to announce and welcome Lesley Hough as our new ...

HanseYachts AG announces Boris Heitmann new VP Communications & Investor Relations

Richard Straka

As of August 2022, Boris Heitmann (58) has taken over responsibility as Vice President Communications & Investor Relations at HanseYachts AG.

The graduate in business administration, communications manager and yachtsman brings with him many years of experience in international companies from various sectors and as an independent entrepreneur. Heitmann started his career in 1991 at the energy company Esso.

Read More