StacksVerified U.S. regulatory reference

46 U.S.C. § 53303

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
A construction reserve fund may be established by a citizen of the United States that—
  1. (1)is operating a vessel in the foreign or domestic commerce of the United States or in the fisheries;
  2. (2)owns, in whole or in part, a vessel being operated in the foreign or domestic commerce of the United States or in the fisheries;
  3. (3)was operating a vessel in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the United States Government;
  4. (4)owned, in whole or in part, a vessel being operated in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the Government; or
  5. (5)had acquired or was having constructed a vessel to operate in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the Government.