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S. 974

A bill to amend title XI of the Merchant Marine Act of 1936 to allow guarantees for fishing vessels to equal 87 1/2 percent of actual cost.

Amends the Merchant Marine Act, 1936, to make Federal ship mortgage insurance available for obligations for fishing vessels which do not exceed 87 1/2 percent of the actual or depreciated cost of such vessels.

Referred to Senate Committee on Commerce, Science, and Transportation.

Sen. Kennedy, Edward M. [D-MA](D-MA)Sponsor
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A bill to amend title XI of the Merchant Marine Act of 1936 to allow guarantees for fishin… — Informed