A bill to amend the Fish and Wildlife Act of 1956 to authorize the Secretary of the Interior to make loans to associations of fishing vessel owners and operators organized to provide insurance against the damage or loss of fishing vessels or the injury or death of fishing crews, and for other purposes.

Summary

Authorizes the Secretary of the Interior to make loans to any fisherman's marine insurance association to enable such association to carry out its insurance operations. Restricts the amount of these loans to under 50 percent of the capital and surplus of the association. Creates a Fisherman's Association Insurance Loan Fund which will serve as a revolving fund to make these loans. Authorizes an appropriation of $10,000,000 to provide initial capital for making such loans.

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1 official file

• Introduced in House

  summary · EN · 27 February 1973

  Open at official source

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