Liner Development Act of 1986

[AI summary unavailable — showing source text] Liner Development Act of 1986 - Amends title VI of the Merchant Marine Act, 1936 to authorize and direct the Secretary of Transportation to enter into operating-differential subsidy (ODS) contracts with certain U.S. citizens who qualify for such subsidies under provisions of this Act for the operation of qualified vessels in the international trade. Authorizes and directs the Secretary to amend existing ODS contracts to reflect changes brought about by this Act. Outlines: (1) administrative provisions regarding such ODS contracts; and (2) eligibility requirements for those U.S. citizens wishing to enter into such ODS contracts. Requires amendments in existing ODS contracts to reflect the increased wage-differential payments permitted in such contracts as provided by this Act. Specifies certain Federal laws which shall not apply to ODS contracts as amended. Provides that no amendment to an existing ODS contract shall be construed as a termination of any contract entered into under the Merchant Marine Act, 1936 or a release of any obligation of the United States under such contract. Limits U.S. liability for costs under certain amended ODS contracts to wage-differential costs. Define…