§ 53303

A construction reserve fund may be established by a citizen of the United States that— ((1)) is operating a vessel in the foreign or domestic commerce of the United States or in the fisheries; ((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)) 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)) 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)) 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.