### Question
How does the law define eligible entity?


### Answer
Under *46 U.S.C. § 50308*, **eligible entity** is defined as:

> a public or private entity that is created or organized in the United States or under the laws of the United States, with significant operations in and a majority of its employees based in the United States, that is engaged in—


(A) vessel construction, transportation by water, or support activities for transportation by water with an assigned North American Industry Classification System code beginning with 3366, 483, 4883, or 6113, or in the case of such construction, transportation, or support activities conducted by a fish processing vessel, such an assigned code beginning with 3117

#### Citation:
  - *46 U.S.C. § 50308*
  - Heading: **Subtitle V-Merchant Marine > Part A-General > CHAPTER 503-ADMINISTRATIVE**

