HR 2646 113th Congress House Public Lands and Natural Resources Government lending and loan guarantees Marine and coastal resources, fisheries Pacific Ocean User charges and fees

REFI Pacific Act

Introduced: July 10, 2013 See on congress.gov

Everywhere this bill has been 4 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 3, 2014

Subcommittee Hearings Held.

Jul 15, 2013

Referred to the Subcommittee on Fisheries, Wildlife, Oceans, and Insular Affairs.

Jul 10, 2013

Referred to the House Committee on Natural Resources.

Jul 10, 2013

Introduced in House

Plain-English summary Congressional Research Service

Revitalizing the Economy of Fisheries in the Pacific Act or the REFI Pacific Act - 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 West 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, subject to extension if there is an outstanding balance after such period.

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

Sets forth requirements for direct loan interest rates, subloans, and the calculation of the ex-vessel landing fee to be collected for payment of such loan.

What's happening now April 3, 2014

Subcommittee Hearings Held.

Committees of jurisdiction 2