A bill to establish a program of loans for the U.S. commercial fishing industry.
Commercial Fisheries Loan Fund Act - Establishes in the Treasury a Commercial Fisheries Loan Fund to be used by the Secretary of Commerce to make loans for the financing of commercial fishing vessels and gear used in underutilized fisheries.
Stipulates that such loans may be made only to citizens or nationals of the United States.
Authorizes the appropriation of $250,000,000 to the Fund.
Abolishes the fisheries loan fund created by the Fish and Wildlife Act of 1956, and transfers all assets and liabilities of such fund to the Fund created by the Act.
Introduced in House
Introduced in House
Referred to House Committee on Merchant Marine and Fisheries.
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