Federal Fisheries Environmental and Natural Disaster Assistance Act

[AI summary unavailable — showing source text] Federal Fisheries Environmental Disaster and Assistance Act - Declares it to be the purpose of this Act to promote the national welfare by improving the economic stability of the fisheries trades through insuring against losses caused by governmental health authority action. Title I: Federal Fisheries Environmental Disaster Insurance Corporation - Creates as an agency of and within the Department of Commerce a body corporate known as the Federal Fisheries Environmental Disaster Insurance Corporation. Grants the Corporation capital stock of $25,000,000 subscribed to by the United States of America, payment for which shall, with the approval of the Secretary of Commerce, be subject to call in whole or in part by the Board of Directors of the Corporation. Authorizes necessary appropriations for the purpose of subscribing to the capital stock of the Corporation. Vests the management of the Corporation in a Board of Directors subject to the general supervision of the Secretary. Provides that the Board shall consist of the manager of the Corporation, two other persons employed in the Department of Commerce, and two persons experienced in the insurance business who are not otherwise emplo…