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.
Referred to the Subcommittee On Merchant Marine.
Introduced in Senate
Read twice and referred to the Committee on Commerce.
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