ADVANCE PROCUREMENT FUNDING.

SEC. 211. ADVANCE PROCUREMENT FUNDING. (a) In General.—Subchapter II of chapter 15 of title 14, United States Code, is amended by adding at the end the following: “SEC. 577. Advance procurement funding “(a) In General. With respect to any Coast Guard vessel for which amounts are appropriated and any amounts otherwise made available for vessels for the Coast Guard in any fiscal year, the Commandant of the Coast Guard may enter into a contract or place an order, in advance of a contract or order for construction of a vessel, for— “(1) materials, parts, components, and labor for the vessel; “(2) the advance construction of parts or components for the vessel; “(3) protection and storage of materials, parts, or components for the vessel; and “(4) production planning, design, and other related support services that reduce the overall procurement lead time of the vessel. “(b) Use of Materials, Parts, and Components Manufactured in the United States. In entering into contracts and placing orders under subsection (a), the Commandant may give priority to persons that manufacture materials, parts, and components in the United States.” . (b) Clerical Amendment.—The analysis for chapter 15 of title 14, United States Code, as amended by this Act, is further amended by inserting after the item relating to section 576 the following:“577. Advance procurement funding.”.