Summary: H.R.6362 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for H.R.6362. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/10/2012)

Revitalizing the Economy of Fisheries in the Pacific Act of 2012 or REFI Pacific Act of 2012 - Directs the Secretary of Commerce (upon receipt of such assurances as the Secretary considers appropriate to protect the interests of the United States) to issue a loan to refinance the existing debt obligation funding the fishing capacity reduction program for the Pacific Coast Groundfish Fishery implemented under the Department of Commerce and Related Agencies Appropriations Act, 2003.

Requires such loan to have a maturity that expires 45 years after the date of issuance.

Prohibits the fee with respect to such loan from exceeding 3% of the ex-vessel value of all fish harvested from each fishery for which the loan is issued.