An Act to amend section 4 of the Fish and Wildlife Act of 1956 as amended, to extend the term during which the Secretary of the Interior can make fisheries loans under the Act
PL 91-387 (S.3102), enacted 08/24/1970

84 STAT. ] 
PUBLIC LAW 91-387-AUG. 24, 1970 
829 
Public Law 91-387 
AN ACT 
August 24, 1970 
To amend section 4 of the Fish and Wildlife Act of IJ)")^. as amended, to extend 
[S. 3102] 
the term during which the Secretary of the Interior can make rtsheries loans 
under the Act, and for other purposes. 
Fisheries loan 
fund, extension. 
Conditions, 
U.S. citizen or 
national. 
Be it enax)ted hy the Senate and House of Representatives 
of the 
United States of Amerioa in Congress assembled^ That section 4(c) of 
the Fish and Wildlife Act of 1956 (70 Stat. 1121), as amended (16 
U.S.C. 742c(c)), is further amended by changing the date "June 80, 
^^ ^*^*' ^^^ 
1970" to "June 30,1980" where it appears three times. 
SEC. 2. Section 4(b) of the Fish and Wildlife Act of 1956 (16 U.S.C. 
742c(b)) is amended by striking out paragraphs (7) and (8) and 
inserting in lieu thereof the following: 
"(7) An applicant for a fishery loan must be a citizen or national of 
the United States. 
" (8) Within the meaning of this section, a corporation, partnership, 
or association shall not be deemed to be a citizen of the United States 
unless the Secretary determines that it satisfactorily meets all of the 
requirements set forth in section 2 of the Shipping Act, 1916, as 
amended, for determining the United States citizenship of a corpora- yg'^stat^sq?"^^' 
tion, partnership, or association operating a vessel in the coastwise 
46 use 802. 
trade. 
"(9) (A) The nationality of an applicant shall be established to the ^ •^•"^"''^" 
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Samoa, corpora-
satisfaction or the Secretary. Withm the meaning 01 this section, no tion ownership 
corporation, partnership, or association organized under the laws of ••equirements. 
American Samoa shall be deemed a national of the United States unless 
75 per centum of the interest therein is owned by nationals of the 
United States, citizens of the United States, or both, and in the case 
of a corporation, unless its president or other chief executive officer 
and the chairman of its board are nationals or citizens of the United 
States and unless no more of its directors than a minority of the 
number necessary to constitute a quorum are nonnationals and 
noncitizens. 
"(B) Seventy-five per centum of the interest in a corporation shall 
not be deemed to be owned by nationals of the L^nited States, citizens 
of the United States, or both, (i) if the title to 75 per centum of its 
stock is not vested in such nationals and citizens free from any trust or. 
fiduciary obligation in favor of any person not a national or citizen of 
the United States; or (ii) if 75 per centum of the voting power in such 
corporation is not vested in nationals of the United States, citizens of 
the United States, or both; or (iii) if through any contract or under-
standing it is so arranged that more than 25 per centum of the voting 
power may be exercised, directly or indirectly, in behalf of any person 
who is not a national or citizen of the United States; or (iv) if by any 
other means whatsoever control of any interest in the corporation in 
excess of 25 per centum is conferred upon or permitted to be exercised 
by any person who is not a national or citizen of the United States." 
SEC. 3. The provisions of this Act shall be eti'ective July 1,1970. Not- 
Effective date. 
withstanding the provisions of section 4(c) of the Fish and Wildlife 
Act of 1956, as amended, any balance remaining in the fisheries loan 
fund at the close of June 80, 1970, shall be available to make loans for 
the purposes of section 4 of said Act from July 1,1970, to the close of 
June 30, 1980. 
Approved August 24, 1970.