46 U.S.C. § 12117
Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
- (a)A coastwise endorsement may be issued for a vessel that—
- (1)satisfies the requirements for a coastwise endorsement, except for the ownership requirement otherwise applicable without regard to this section;
- (2)is owned by a not-for-profit oil spill response cooperative or by members of such a cooperative that dedicate the vessel to use by the cooperative;
- (3)is at least 50 percent owned by individuals or entities described in section 12103(b) of this title; and
- (4)is to be used only for—
- (b)A vessel satisfying subsection (a) is deemed to be owned only by citizens of the United States under sections 12103, 12132, and 50501 of this title.