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Resolution: American Fisheries Act
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Source: MLA
Doc. No.: 758
Date: May 4, 2001
Reso Fisheries Act
The Resolution which I will read to you now takes no
position on the merits of this statute, but urges only a delay in the
implementation of the requirements, a delay in the October 1, 2001
deadline for qualification of the mortgagees:
“BE IT RESOLVED:
“The Maritime Law Association of the United States takes a position
in favor of extending the effective date of Section 202(b)
of the American Fisheries Act (the “AFA”) and 46 U.S.C. 12102(c)(4),
as implemented by the AFA for at least 18 months
from the current effective date of October 1, 2001, to permit development
and consideration of amendments to protect the
interests of the current holders of preferred ship mortgages on fishing
vessels of 100 feet or greater in registered length and the
interests of the vessel owners.
“BE IT FURTHER RESOLVED:
That the President of the Association is hereby directed to communicate
this position to the appropriate members and
committees of the United States Congress.”
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