Polityka i handel międzynarodowy · 24.09.1996

Fishermen's Protective Act Guaranty Fund Procedures

The Department of State issues this direct final rule to revise the administration of the Fishermen's Guaranty Fund under section 7 of the Fishermen's Protective Act of 1967, as amended (the Act). These revisions are made in partial fulfillment of the Department's commitment that certain regulations would be modified or eliminated as part of the President's Regulatory Reinvention Initiative. The revisions are also need to reflect the recent reauthorization of the Fishermen's Guaranty Fund, as well as amendments related to fees charged for participation the Guaranty Fund, and to reflect changes in the criteria for claims to be eligible for compensation under the Act. This revision provides a single set of guidelines for compensation.