Makes the restriction of the Merchant Marine Act of 1936 against taking into account for subsidy accounting purposes any salary for personal services in excess of $25,000, inapplicable to operators whose operating differential subsidy contracts terminated within 12 months prior to October 21, 1970. (Amends 46 U.S.C. 1173 ut)
Introduced in House
Introduced in House
Referred to House Committee on Merchant Marine and Fisheries.
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