ELECTRONIC FILING OF COMMERCIAL INSTRUMENTS.

SEC. 305. ELECTRONIC FILING OF COMMERCIAL INSTRUMENTS. Section 31321(a) of title 46, United States Code, is amended by adding at the end the following new paragraph: “(4) (A) A bill of sale, conveyance, mortgage, assignment, or related instrument may be filed electronically under regulations prescribed by the Secretary. “(B) A filing made electronically under subparagraph (A) shall not be effective after the 10-day period beginning on the date of the filing unless the original instrument is provided to the Secretary within that 10-day period.”.