101 STAT. 1782
46 USC 12105 note.
PUBLIC LAW 100-239—JAN. 11, 1988
authorizing the vessel to be employed in the Great Lakes trade or fisheries, as the case may be.". (4) Section 12107(b) is amended— (A) after the semicolon at the end of paragraph (1) by inserting "and"; (B) in paragraph (2) by striking "Canada; and" and substituting "Canada."; and (C) by striking paragraph (3). (5) Section 12107 is amended by inserting a new subsection (c) after subsection (b) as follows: "(c) On application of the owner of a vessel that qualifies for a coastwise license under section 12106 or a fishery license under section 12108 of this title, the Secretary may issue an endorsement authorizing the vessel to be employed in the coastwise trade or the fisheries, as the case may be.". (6) Section 12108 is amended by adding a new subsection (d) after subsection (c) as follows: "(d) On application of the owner of a vessel that qualifies for a coastwise license under section 12106 or a Great Lakes license under section 12107 of this title, the Secretary may issue an endorsement authorizing the vessel to be employed in the coastwise trade or the Great Lakes trade, as the case may be.". (b) Notwithstanding the requirements of chapter 121 of title 46, United States Code, a vessel for which a coastwise. Great Lakes, or fishery license, or an appropriately endorsed registry, was issued before July 28, 1987, may continue to be employed in the specified trades for which it was qualified at the time the license or registry was issued for one year from date of enactment or until the certificate of documentation is renewed, whichever comes later. On renewal, the owner or master of a documented vessel shall make the vessel's certificate of documentation available as the law or Secretary may require for replacement with an appropriately endorsed
(c)(1) Section 27 of the Merchant Marine Act, 1920 (46 App. U.S.C. 883), is amended after "vessel" in the second proviso by striking "of more than five hundred gross tons". 46 USC app. 883 (2) Paragraph (1) of this subsection does not apply to a vessel note. under contract to be purchased or rebuilt entered into before July 28, 1987, if that vessel is rebuilt before July 28, 1990. 46 USC 12108 (3) The Secretary, on proof of circumstances beyond the control of note. the owner of a vessel affected by this section, may extend the period for rebuilding in a foreign country permitted by this section. 46 USC 12108 (d) The terms in this Act have the same meaning as in subtitle II note. of title 46, United States Code (as amended by this Act). SEC. 7. AMERICAN CONTROL OF VESSELS.
(a) Section 12102 of title 46, United States Code, is amended as follows: (1) by inserting "(a)" before "A vessel"; (2) by adding at the end the following: "(b)(1) A vessel owned by a corporation is not eligible for a fishery license under section 12108 of this title unless the controlling interest (as measured by ^ majority of voting shares in that corporation) is owned by individuals who are citizens of the United States. However, if the corporation is owned in whole or in part by other United States corporations, the controlling interest in those corpora-
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