HR 3806 · 98th Congress · Public Lands and Natural Resources
United States Fisheries Development Corporation Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Subcommittee Hearings Held.(1983-11-10)
Plain Language Summary
[AI summary unavailable — showing source text]
United States Fisheries Development Corporation Act - Title I: United States Fisheries Development Corporation - Establishes the United States Fisheries Development Corporation and a Financial Affairs Committee to advise the Board of Directors of such Corporation regarding financial assistance programs and other financial matters of the Corporation. Directs the Secretary of Commerce, on October 1, 1984, to transfer to the Corporation: (1) 60 percent of all monies from the fisheries fund established by the Act of August 11, 1939 (Saltonstall-Kennedy Act); and (2) all unobligated monies from the fisheries loan fund established by the Fish and Wildlife Act of 1956. Authorizes appropriations, if necessary, so that the transferred amount totals $100,000,000. Authorizes appropriations, beginning with FY 1985, as necessary to pay personnel and administrative costs. Title II: Functions of Corporation - Sets forth the functions of the Corporation, including: (1) administration of the loan program, loan guarantee program, and grant program; (2) identifying and analyzing constraints that inhibit the harvesting, processing, and marketing sectors of the fishing industry; (3) establishing and ma…
Summarized by Claude AI · Non-partisan · For informational purposes only