DEEP DRAFT HARBOR COST SHARING.

SEC. 401. DEEP DRAFT HARBOR COST SHARING. (a) In General.—The Secretary shall undertake a study of non-Federal cost-sharing requirements for the construction and operation and maintenance of deep draft harbor projects to determine whether— (1) cost sharing adversely affects United States port development or domestic and international trade; and (2) any revision of the cost-sharing requirements would benefit United States domestic and international trade. (b) Recommendations.— (1) In general.—Not later than May 30, 2001, the Secretary shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives any recommendations that the Secretary may have in light of the study under subsection (a). (2) Considerations.—In making recommendations, the Secretary shall consider— (A) the potential economic, environmental, and budgetary impacts of any proposed revision of the cost-sharing requirements; and (B) the effect that any such revision would have on regional port competition.