1. Citizenship Standards for Vessel Ownership and Financing; American Fisheries Act
RULES: Vessel ownership and financing; citizenship standards,
The Coast Guard amends citizenship requirements for fishing
vessels of less than 100 feet in length that are eligible for a fishery
endorsement, by increasing the percentage of interest in a vessel
required to be owned and controlled by U.S. citizens in corporations.
The percentage increased is from more than 50 percent to at least 75
percent. We