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DOT/USCG RIN: 2115-AF88 Publication ID: Spring 2001 
Title: Citizenship Standards for Vessel Ownership and Financing; American Fisheries Act (USCG-1999-6095) 
Abstract: This rulemaking will increase the percentage of stock required to be owned by U.S. citizens in corporations owning fishing vessels from 51 percent to 75 percent. The rulemaking will also provide that fisheries endorsements will become invalid if a documented fishing vessel is chartered or leased to a person who is not a citizen or to an entity which is ineligible to own a documented fishing vessel. In addition, regulatory restrictions must be developed prohibiting documentation of certain vessels with a fisheries endorsement if they are mortgaged to an entity not entitled to own documented fishing vessels. Finally, the regulations must be amended to reflect the repeal of the "grandfather" provisions of the Commercial Fishing Industry Vessel Anti-Reflagging Act of 1987. This rulemaking supports the Coast Guard's strategic goal of protection natural resources. 
Agency: Department of Transportation(DOT)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 46 CFR 67   
Legal Authority: 46 USC 2103    46 USC 2110    46 USC 12102   
Legal Deadline:
Action Source Description Date
NPRM  Statutory    04/01/2000 
Timetable:
Action Date FR Cite
NPRM  07/27/2000  65 FR 46137   
NPRM Correction  10/01/2000  65 FR 49529   
Final Rule  12/07/2000  65 FR 76572   
Final Rule Effective  10/01/2001    
Additional Information: This rule was previously titled Eligibility of U.S. Flag Vessels Measuring Less than 100 Feet To Obtain Commercial Fisheries Documents
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
Agency Contact:
Thomas Willis
Project Manager, National Vessel Documentation Center
Department of Transportation
U.S. Coast Guard
792 T. J. Jackson Dr,
Falling Waters, WV 25419-9502
Phone:304 271-2506