EXTENSION OF CERTAIN PROVISIONS RELATING TO TANKER SECURITY FLEET PROGRAM.

SEC. 3531. EXTENSION OF CERTAIN PROVISIONS RELATING TO TANKER SECURITY FLEET PROGRAM. (a) Operating Agreements.—Section 53404(a) of title 46, United States Code, is amended by striking “2035” and inserting “2040”. (b) Payments.—Subsection (a) of section 53406 of title 46, United States Code, is amended to read as follows: “(a) Annual Payments.— “(1) In general Subject to the availability of appropriations and the other provisions of this section, the Secretary shall pay to a program participant for an operating agreement under this chapter, for each vessel that is covered by the operating agreement, an amount equal to— “(A) $8,160,000 for each of fiscal years 2025 and 2026; “(B) $8,380,000 for each of fiscal years 2027 and 2028; “(C) $8,606,000 for each of fiscal years 2029 and 2030; “(D) $8,839,000 for each of fiscal years 2031 and 2032; “(E) $9,078,000 for each of fiscal years 2033 and 2034; “(F) $9,323,000 for each of fiscal years 2035 and 2036; “(G) $9,574,000 for each of fiscal years 2037 and 2038; and “(H) $9,833,000 for each of fiscal years 2039 and 2040. “(2) Timing The amount payable to a program participant under paragraph (1) for a fiscal year shall be paid in 12 equal monthly installments at the end of each month during that fiscal year. The amount payable for any fiscal year may not be reduced except as provided by this section or section 51307(b).” . (c) Authorization of Appropriations.—Section 53411 of such title is amended to read as follows: “SEC. 53411. Authorization of appropriations “There are authorized to be appropriated for payments under section 53406, amounts as follows, to remain available until expended: “(1) $122,400,000 for each of fiscal years 2025 and 2026. “(2) $167,600,000 for each of fiscal years 2027 and 2028. “(3) $172,120,000 for each of fiscal years 2029 and 2030. “(4) $176,780,000 for each of fiscal years 2031 and 2032. “(5) $181,560,000 for each of fiscal years 2033 and 2034. “(6) $186,460,000 for each of fiscal years 2035 and 2036. “(7) $191,480,000 for each of fiscal years 2037 and 2038. “(8) $196,660,000 for each of fiscal years 2039 and 2040.” .