HR 2646 · 113th Congress · Public Lands and Natural Resources

REFI Pacific Act

Introduced 2013-07-10· Sponsored by Rep. Herrera Beutler, Jaime [R-WA-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Subcommittee Hearings Held.(2014-04-03)

Plain Language Summary

[AI summary unavailable — showing source text] Revitalizing the Economy of Fisheries in the Pacific Act or the REFI Pacific Act - Directs the Secretary of Commerce (upon receipt of such assurances as the Secretary considers appropriate to protect the interests of the United States) to issue a loan to refinance the existing debt obligation funding the fishing capacity reduction program for the West Coast groundfish fishery implemented under the Department of Commerce and Related Agencies Appropriations Act, 2003. Requires such loan to have a maturity that expires 45 years after the date of issuance, subject to extension if there is an outstanding balance after such period. Prohibits the fee with respect to such loan from exceeding 3% of the ex-vessel value of the harvest from each fishery for which the loan is issued. Sets forth requirements for direct loan interest rates, subloans, and the calculation of the ex-vessel landing fee to be collected for payment of such loan.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (18)

15 Democrats3 Republicans