Amends the Merchant Marine Act, 1936 to authorize the Secretary of Commerce to guarantee the payment of a percentage of interest and principal on an obligation which aids in financing, including reimbursement of an obligor for expenditures previously made, for equipping, maintaining, repairing, or operating a fishing vessel or vessels.
Introduced in House
Introduced in House
Referred to the House Committee on Merchant Marine and Fisheries.
Executive Comment Requested from DOT.
Referred to the Subcommittee On Merchant Marine.
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