SMALL FISHING VESSEL CONSTRUCTION RESERVES.

SEC. 807. SMALL FISHING VESSEL CONSTRUCTION RESERVES. In addition to any other vessel which may be deemed an “eligible vessel” and a “qualified vessel” under section 607 of the Merchant Marine Act, 1936 (46 U.S.C. 1177), a commercial fishing vessel under five net tons but not under two net tons— (1) which is constructed in the United States and, if reconstructed, is reconstructed in the United States; (2) which is owned by a citizen of the United States; (3) which has a home, port in the United States; and (4) which is operated in the commercial fisheries of the United States, shall be considered to be an “eligible vessel” and a “qualified vessel” for the purposes of such section 607.