Sec. 202. Capital construction

1,048 words·~5 min read·/bill/113/s/2991/is/section-202

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 53501 of title 46, United States Code, is amended— by striking

(7)and inserting United states foreign trade .—

(11); United States foreign trade .— by striking

(8)and inserting Vessel .—

(12); Vessel .— by redesignating paragraphs (5), (6), and

(7)as paragraphs (8), (9), and (10), respectively; by redesignating paragraphs (2), (3), and

(4)as paragraphs (4), (5), and (6), respectively; by redesignating paragraph

(1)as paragraph (2); by inserting before paragraph (2), as redesignated, the following: The term agreement fishery facility means an eligible fishery facility or a qualified fishery facility that is subject to an agreement under this chapter. ; by inserting after paragraph (2), as redesignated, the following: Subject to subparagraph (B), the term “eligible fishery facility” means— for operations on land— a structure or an appurtenance thereto designed for unloading and receiving from a vessel, processing, holding pending processing, distribution after processing, or holding pending distribution, of fish from a fishery; the land necessary for the structure or appurtenance described in subclause (I); and equipment that is for use with the structure or appurtenance that is necessary to perform a function described in subclause (I); for operations not on land, a vessel built in the United States and used for, equipped to be used for, or of a type normally used for, processing fish; or for aquaculture, including operations on land or elsewhere— a structure or an appurtenance thereto designed for aquaculture; the land necessary for the structure or appurtenance; equipment that is for use with the structure or appurtenance and that is necessary to perform a function described in subclause (I); and a vessel built in the United States and used for, equipped to be used for, or of a type normally used for, aquaculture. Under subparagraph (A), the structure, appurtenance, land, equipment, or vessel shall be owned by— an individual who is a citizen of the United States; or an entity that is— a citizen of the United States under section 50501 of this title; and at least 75 percent owned by citizens of the United States, as determined under section 50501 of this title. ; and by inserting after paragraph (6), as redesignated, the following: Subject to subparagraph (B), the term qualified fishery facility means— for operations on land— a structure or an appurtenance thereto designed for unloading and receiving from a vessel, processing, holding pending processing, distribution after processing, or holding pending distribution, of fish from a fishery; the land necessary for the structure or appurtenance; and equipment that is for use with the structure or appurtenance and necessary to perform a function described in subclause (I); for operations not on land, a vessel built in the United States and used for, equipped to be used for, or of a type normally used for, processing fish; or for aquaculture, including operations on land or elsewhere— a structure or an appurtenance thereto designed for aquaculture; the land necessary for the structure or appurtenance; equipment that is for use with the structure or appurtenance and necessary for performing a function described in subclause (I); and a vessel built in the United States. Under subparagraph (A), the structure, appurtenance, land, equipment, or vessel shall be owned by— an individual who is a citizen of the United States; or an entity that is— a citizen of the United States under section 50501 of this title; and at least 75 percent owned by citizens of the United States, as determined under section 50501 of this title. . Section 53501(9)(A) of title 46, United States Code, as redesignated by subsection

(a)of this section, is amended to read as follows: the Secretary of Commerce with respect to— an eligible vessel or a qualified vessel operated or to be operated in the fisheries of the United States; or an eligible fishery facility or a qualified fishery facility; and . Section 53503 of title 46, United States Code, is amended— in subsection (a)— by inserting or eligible fishery facility after eligible vessel ; and by inserting or fishery facility after the vessel ; and in subsection (b)— by striking The purpose of the agreement shall be and inserting The purpose of the agreement shall be— ; by designating the text that follows after The purpose of the agreement shall be— as paragraph

(1)and indenting accordingly; in paragraph (1), as designated, by striking United States. and inserting United States; or ; and by adding after paragraph (1), as designated, the following: to provide for the acquisition, construction, or reconstruction of a fishery facility owned by— an individual who is a citizen of the United States; or an entity that is— a citizen of the United States under section 50501; and at least 75 percent owned by citizens of the United States, as determined under section 50501. . Section 53504(b) of title 46, United States Code, is amended by inserting or an agreement fishery facility after agreement vessel . Section 53505 of title 46, United States Code, is amended— in subsection (a)— in paragraphs

(1)and

(2)of subsection (a), by inserting or agreement fishery facilities after agreement vessels ; and in paragraph

(3)by inserting or agreement fishery facility after agreement vessel each place it appears; and in subsection (b)— by inserting or agreement fishery facility after an agreement vessel ; and by inserting or fishery facility after the vessel . Section 53509(a) of title 46, United States Code, is amended— in paragraph (1), by striking qualified vessel; or and inserting qualified vessel, or the acquisition, construction, or reconstruction of a qualified fishery facility; or ; and in paragraph (2), by striking qualified vessel. and inserting qualified vessel, or the acquisition, construction, or reconstruction, of a qualified fishery facility. . Section 53510 of title 46, United States Code, is amended— in subsections

(b)and (c), by striking or container each place it appears and inserting container, or fishery facility ; and in subsection (d), by striking and containers and inserting containers, and fishery facilities . Section 53511(e)(4) of title 46, United States Code, is amended by inserting or fishery facility after vessel . Section 53501 of title 46, United States Code, as amended by subsection

(a)of this section, is further amended in paragraph (8)(A)(iii), by striking trade trade and inserting trade .