There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/27/1973)

Authorizes the Secretary of the Interior to make loans to any fisherman's marine insurance association to enable such association to carry out its insurance operations. Restricts the amount of these loans to under 50 percent of the capital and surplus of the association.

Creates a Fisherman's Association Insurance Loan Fund which will serve as a revolving fund to make these loans. Authorizes an appropriation of $10,000,000 to provide initial capital for making such loans.