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46 U.S.C. § 53707

Findings related to obligors and operators

United States · Title 46 — SHIPPING · Status: effective

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46 U.S.C. § 53707, Findings related to obligors and operators, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/488291
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Full text

The Administrator may not guarantee or make a commitment to guarantee a loan for the construction, reconstruction, or reconditioning of a liner vessel under this chapter unless the Chairman of the Federal Maritime Commission certifies that the operator of the vessel has not been found by the Commission to have committed, within the previous 5 years— The Secretary may not guarantee or make a commitment to guarantee a loan for the construction, reconstruction, or reconditioning of a fishing vessel under this chapter if the operator of the vessel has been— The Secretary or Administrator shall prescribe regulations concerning circumstances under which waivers of, or exceptions to, otherwise applicable regulatory requirements concerning financial condition can be made. The regulations shall require that—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 109-304(H.R. 1442)2006-10-06
    To complete the codification of title 46, United States Code, "Shipping", as positive law.
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 109-163(H.R. 1815)2006-01-06
    National Defense Authorization Act for Fiscal Year 2006
    House: 374–41Senate: no recorded tally
  • Amended byPub. L. 110-181(H.R. 4986)2008-01-28
    National Defense Authorization Act for Fiscal Year 2008