News wire article from our research archive:

HOUSE PASSES BILL TO OVERHAUL COAST GUARD'S 'DEEPWATER' PROGRAM

The House Transportation and Infrastructure Committee issued the following news release:

The House of Representatives passed landmark legislation today that will significantly improve the management of the U.S. Coast Guard's troubled $24 billion Deepwater acquisition program. The Integrated Deepwater Program Reform Act of 2008, H.R. 6999, provides meaningful reforms to the Coast Guard's multi-year program to replace all Coast Guard aircraft and cutters that primarily operate more than 50-miles offshore, according to Rep. James L. Oberstar (Minn.), Chairman of the Committee on Transportation and Infrastructure.

Last year, the House passed H.R. 2722, the Integrated Deepwater Program Reform ...

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