S.Amdt. 1030
What it does: Adds SEC. 32__. PILOT PROGRAM OPERATING LOANS TO COMMERCIAL FISHERMEN AND SHELLFISH FARMERS on page 462, between lines 2 and 3
Sen. Sheldon Whitehouse (D-RI)What it changes
1 change to S. 954
Adds SEC. 32__. PILOT PROGRAM OPERATING LOANS TO COMMERCIAL FISHERMEN AND SHELLFISH FARMERS on page 462, between lines 2 and 3
Adds a sectionPrinted pageInserted: SEC. 32__. PILOT PROGRAM OPERATING LOANS TO COMMERCIAL FISHERMEN AND SHELLFISH FARMERS.
Inserted: (a) In General.--In each of fiscal years 2014 through 2018, up to 1.5 percent of the funds made available to carry out this chapter for that fiscal year shall be used to carry out a pilot program to make and guarantee operating loans to individuals or entities primarily engaged in commercial fishing or shellfish farming--
Inserted: (1) to pay the costs incident to reorganizing a commercial fishing or shellfish farming business for more profitable operation;
Inserted: (2) to purchase commercial fishing or shellfish farming equipment to comply with regulatory requirements, meet management objectives identified by the managing agency, improve the quality of fishery resource harvests, or replace worn equipment;
Inserted: (3) to purchase fuel, bait, or to meet other essential commercial fishing or shellfish farming operating expenses;
Inserted: (4) to finance commercial fishery or shellfish farming permits;
Inserted: (5) to refinance indebtedness; or
Inserted: (6) to pay loan closing costs.
Inserted: (b) Eligibility.--A commercial fisherman, a shellfish farmer, or an individual holding a majority interest in an entity primarily engaged in commercial fishing or shellfish farming shall be eligible under this section only if the individual--
Inserted: (1) is a citizen of the United States;
Inserted: (2) has a record of experienced commercial fishing or shellfish farming that the Secretary determines is sufficient to ensure a reasonable prospect of success in the commercial fishing or shellfish farming operation proposed by the individual; and
Inserted: (3) is unable to obtain credit elsewhere.
Show 6 more inserted paragraphsShow less
Inserted: (c) Consistency With Fishery Management Objectives.--Any loan under this section shall support activities or purchases consistent with the management objectives of the 1 or more fisheries or shellfish farms in which the eligible person described in subsection (b) participates, which the Secretary may determine through consultation with--
Inserted: (1) the Secretary of Commerce, acting through the Under Secretary of Commerce for Oceans and Atmosphere; or
Inserted: (2) the appropriate State, local, or tribal fishery or shellfish farming management authorities.
Inserted: (d) Evaluation.--Not later than April 1, 2016, the Secretary shall--
Inserted: (1) complete an evaluation of the pilot program; and
Inserted: (2) submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report describing results of the evaluation.
Original wording
On page 462, between lines 2 and 3, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1030. Mr. WHITEHOUSE (for himself, Ms. Murkowski, Mr. Begich, Mr. Cowan, and Mr. Reed) submitted an amendment intended to be proposed by him to the bill S. 954, to reauthorize agricultural programs through 2018; which was ordered to lie on the table; as follows:
On page 462, between lines 2 and 3, insert the following:
“SEC. 32__. PILOT PROGRAM OPERATING LOANS TO COMMERCIAL FISHERMEN AND SHELLFISH FARMERS.
“(a) In General.--In each of fiscal years 2014 through 2018, up to 1.5 percent of the funds made available to carry out this chapter for that fiscal year shall be used to carry out a pilot program to make and guarantee operating loans to individuals or entities primarily engaged in commercial fishing or shellfish farming--
“(1) to pay the costs incident to reorganizing a commercial fishing or shellfish farming business for more profitable operation;
“(2) to purchase commercial fishing or shellfish farming equipment to comply with regulatory requirements, meet management objectives identified by the managing agency, improve the quality of fishery resource harvests, or replace worn equipment;
“(3) to purchase fuel, bait, or to meet other essential commercial fishing or shellfish farming operating expenses;
“(4) to finance commercial fishery or shellfish farming permits;
“(5) to refinance indebtedness; or
“(6) to pay loan closing costs.
“(b) Eligibility.--A commercial fisherman, a shellfish farmer, or an individual holding a majority interest in an entity primarily engaged in commercial fishing or shellfish farming shall be eligible under this section only if the individual--
“(1) is a citizen of the United States;
“(2) has a record of experienced commercial fishing or shellfish farming that the Secretary determines is sufficient to ensure a reasonable prospect of success in the commercial fishing or shellfish farming operation proposed by the individual; and
“(3) is unable to obtain credit elsewhere.
“(c) Consistency With Fishery Management Objectives.--Any loan under this section shall support activities or purchases consistent with the management objectives of the 1 or more fisheries or shellfish farms in which the eligible person described in subsection (b) participates, which the Secretary may determine through consultation with--
“(1) the Secretary of Commerce, acting through the Under Secretary of Commerce for Oceans and Atmosphere; or
“(2) the appropriate State, local, or tribal fishery or shellfish farming management authorities.
“(d) Evaluation.--Not later than April 1, 2016, the Secretary shall--
“(1) complete an evaluation of the pilot program; and
“(2) submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report describing results of the evaluation.
Legislative Activity
Stay on top of the latest movement without scrolling through every action
Senate amendment submitted
May 21, 2013