The document advocates for support of House Resolution HR-4065 to amend a 107-year-old law that restricts U.S. residents from purchasing foreign-flagged vessels in U.S. waters. Implementing deferred importation would stimulate $2.46 billion in U.S. recreational marine economic activity and create jobs. The proposal aims to level the playing field, allowing U.S. residents to purchase boats similarly to non-residents.

1. WWW.FYBA.ORG
FOREIGN FLAGS FOR AMERICAN JOBS
ASK CONGRESS TO SUPPORT
HOUSE RESOLUTION HR-4065!

2. Photo
byW
ICK
BEAVERS
BOAT SALES are the epicenter of the
$121.5 Billion United States Marine Industry and
the 963,818 well-paying jobs it produces.

3. It’s time to fix a 107 year-old law that prevents
job creation and discriminates against U.S. residents.
By implementing deferred importation, U.S. residents could board
and purchase foreign flagged vessels while in U.S. waters, the
same as non-U.S. residents.
They will simply import and pay duty at the time of sale, just as
other nations require of U.S. flagged boats while in their waters.
This will encourage $2.46 billion in additional U.S. recreational
marine economic activity.
In 1908, Congress passed legislation requiring reciprocal cruising
licenses with our most favored nation trading partners. The U.S.
is the only nation that forbids offering vessels for sale to U.S.
residents while under a valid cruising license.
Deferring Importation...
Creates jobs.
Increases tax revenues.
Is fair and makes sense.
Not for sale in U.S. waters
ASK CONGRESS TO SUPPORT HOUSE RESOLUTION HR-4065!

4. SUPPORTERS OF DEFERRED IMPORTATION
Alley, Maass, Rogers & Lindsay, P.A.
1845 Cordova Road, Suite 205, Fort Lauderdale, FL 33316
P | 954-522-9270 F | 954-764-0697 www.fyba.org
FLORIDA YACHT BROKERS ASSOCIATION
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