Nov 03 2011
Washington—A bill introduced by Senators Dianne Feinstein (D-Calif.), Barbara Boxer (D-Calif.), Jack Reed (D-R.I.), Sheldon Whitehouse (D-R.I.), Pat Toomey (R-Pa.), and Mark Begich (D-Alaska) that allows non-U.S. boats to sail exclusively in U.S. waters for the 34th America’s Cup unanimously passed the Senate today.
“This is a straightforward bill that will facilitate international participation in a globally recognized sporting event, thereby creating thousands of jobs and millions in revenue for host cities,” said Senator Feinstein. “This bill is good for America’s Cup, but more importantly it’s good for the economies of the host cities.”
The competition is expected to generate up to $1.4 billion in economic activity, three times the estimated impact of hosting a Super Bowl.
The America’s Cup Act of 2011 (S. 1759) would waive the law prohibiting foreign vessels from operating exclusively within U.S. waters. The waiver would only apply to boats officially participating in and supporting the competition, avoiding the need for boats to transport passengers into international waters and return, as was done in past years. The bipartisan bill awaits passage in the House of Representatives.
The event will begin in San Diego on November 12, 2011, continuing in Italy and Newport, Rhode Island, in 2012 and conclude in San Francisco in 2013.