46 U.S.C. § 31308

Secretary of Commerce or Transportation as mortgagee

The Secretary of Commerce or Transportation, as a mortgagee under this chapter, may foreclose on a lien arising from a right established under a mortgage under chapter 537 of this title, subject to section 362(b) of title 11 .

( Pub. L. 100–710, title I, § 102(c) , Nov. 23, 1988 , 102 Stat. 4741 ; Pub. L. 101–595, title VI, § 603(13) , Nov. 16, 1990 , 104 Stat. 2993 ; Pub. L. 109–304, § 15(28) , Oct. 6, 2006 , 120 Stat. 1704 ; Pub. L. 111–281, title IX, § 913(b) , Oct. 15, 2010 , 124 Stat. 3017 .)