The FLEETS Now Act requires the State Department and President to provide Congress with detailed intelligence reports on major Chinese state-owned shipbuilding companies, including their financial relationships, business practices, subsidiaries, and connections to China's military modernization efforts, with initial briefings due within one year followed by three annual reports. The bill also directs the State Department to station trade investigators at U.S. diplomatic posts in major shipping and shipbuilding countries to investigate unfair maritime practices such as price-fixing and anticompetitive agreements, with a focus on mapping Chinese shipping company finances and reporting findings annually to Congress. Additionally, the legislation instructs the U.S. Ambassador to the United Nations to oppose restrictions on fuel types at the International Maritime Organization, advocate for an opt-in approach to climate rules, and work to advance American citizens to senior leadership positions in the organization while addressing Chinese anti-competitive practices in shipbuilding.
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