Fishing Vessel Insurance and Safety Act
Latest action. Referred to Senate Committee on Commerce.
Fishing Vessel Insurance and Safety Act - Authorizes the Secretary of Commerce to promulgate voluntary safety standards for the construction, reconstruction, and operation of commercial fishing vessels. Authorizes the Secretary to develop a certification system for determining compliance with these standards. Provides for the guarantee of loans made to vessel owners for the costs of meeting these standards. Limits the amount of these loans to $15,000,000. Authorizes the Secretary to guarantee loans to fishermen's marine insurance associations to provide insurance against: (1) damage to, or loss of, commercial fishing vessels; (2) injury or death to crew; or (3) other risks associated with commercial fishery operations. Limits such loans guaranteed to 50 percent of the capital and surplus of the association. Provides that associations may insure only vessels owned by U.S. citizens who are members of the association. Limits the loan guarantee total to $10,000,000. States that loans will be guaranteed subject to specified conditions and limitations. Creates a Loan Guarantee Fund as a revolving fund to carry out the purposes of this Act. Provides that no applications for loans may be received after June 30, 1981. Authorizes the Secretary to create a Fishing Vessel Reinsurance Fund to provide a reinsurance service to insurance carriers insuring commercial fishing vessels. Limits reinsurance to 75 percent of the coverage written by the insurer on all fishing vessels. Provides that reinsurance may not exceed $10,000,000. Authorizes necessary appropriations to carry out the provisions of this Act.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in Senate" stage on February 6, 1973. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on February 6, 1973: Referred to Senate Committee on Commerce.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 93rd Congress (1973-74), 651 of the 23,396 bills and joint resolutions introduced became law, about 2.8 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
EDWARD KENNEDY (D-MA) introduced it on February 6, 1973. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on February 6, 1973, 19574 days ago. The most recent recorded action was 19574 days ago, on February 6, 1973.
Measures do not carry over. Anything the 93rd Congress has not finished by January 3, 1975 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers