A bill to amend section 4 of the Fish and Wildlife Act of 1965, to provide short-term relief to those portions of the fishing industry which have suffered economic dislocation.

Summary

Provides, under the Fish and Wildlife Act of 1965, that when there is a major economic dislocation in a major segment of the commercial fisheries industry, the Secretary of Commerce shall, upon request, prepare and submit to Congress a report on the dislocation stating, among other specified items, his determination regarding the need for working capital and mortgage refinancing loans. Enumerates the circumstances under which such loans shall be made and their conditions. Authorizes the Secretary of Commerce to borrow, interest free, from the Secretary of the Treasury up to $100,000,000 for payment to the fisheries loan fund. Authorizes to be appropriated such funds as necessary to carry out specified provisions of this Act. (Adds 16 U.S.C. 742 (c)(f) (1)).

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Documents

1 official file

• Introduced in House

  summary · EN · 6 February 1975

  Open at official source

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