A bill to amend title XI of the Merchant Marine Act, 1936, as amended, to provide for the deposit of funds in escrow with the Secretary of Commerce, to provide for the payment of insurance, in part, on the basis of such deposits, and for other purposes.

S. 2148 in the 86th Congress (1959–1960) became law — introduced in 1959, sponsored by Everett Dirksen.

During the 86th Congress (1959–1960), Dwight D. Eisenhower was president, and Democrats held majorities in both the House and Senate.