Congress extends Wallop-Breaux fund - Trade Only Today

Congress extends Wallop-Breaux fund

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Congress voted last week to extend the Sport Fish and Boating Safety Trust Fund through March 31, 2012.

The fund, previously known as Wallop-Breaux, had been set to expire at the end of this month, according to Larry Innis, the Marine Retailers Association of America representative in Washington, D.C.

The trust fund is generated directly by boaters through taxes on motorboat fuel and fishing tackle, along with other fees. The Coast Guard and the Department of the Interior administer the funds, which pay for boating safety, access, pumpouts, marina construction and sportfish restoration.

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