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H.R.2646: REFI Pacific Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about public lands and natural resources
You can read the bill
Sponsor Jaime Herrera Beutler, R-Wash.
Total Cosponsors 18 (15 Democrats, 3 Republicans)
Introduced July 10, 2013
Latest Major Action April 3, 2014
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Revitalizing the Economy of Fisheries in the Pacific Act or the REFI Pacific Act - Directs the Secretary of Commerce (upon receipt of such assurances as the Secretary considers appropriate to protect the interests of the United States) to issue a loan to refinance the existing debt obligation funding the fishing capacity reduction program for the West Coast groundfish fishery implemented under the Department of Commerce and Related Agencies Appropriations Act, 2003.

Requires such loan to have a maturity that expires 45 years after the date of issuance, subject to extension if there is an outstanding balance after such period.

Prohibits the fee with respect to such loan from exceeding 3% of the ex-vessel value of the harvest from each fishery for which the loan is issued.

Sets forth requirements for direct loan interest rates, subloans, and the calculation of the ex-vessel landing fee to be collected for payment of such loan.

(Source: Congressional Research Service)

Bill Actions

Date Description
April 3, 2014 Subcommittee Hearings Held.
July 15, 2013 Referred to the Subcommittee on Fisheries, Wildlife, Oceans, and Insular Affairs.
July 10, 2013 Referred to the House Committee on Natural Resources.