Noncontiguous States and Territories Shipping Freight Rate Equalization Act

[AI summary unavailable — showing source text] Noncontiguous States and Territories Shipping Freight Rate Equalization Act - Authorizes the Secretary of Commerce to make payments to American shippers for the transportation of merchandise to the noncontiguous States and territories of the United States where such transportation is required to be made in a vessel built in and documented under the United States and owned by citizens of the United States. Stipulates that the amount of such assistance shall be the difference between the rates charged by United States flag vessels and the rates charged by foreign flag vessels for comparable shipping. Requires that the rate charged for such transportation be reduced by the amount of such payment. Authorizes appropriations in such amounts as may be necessary to carry out the provisions of this Act.…