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Protecting US Fisheries: Economic Disaster Aid

This new law allows financial aid for fishermen when their operations are threatened by unfair foreign practices, such as market distortion or illegal fishing. This ensures fishing communities can receive support during economic hardships, helping to protect their jobs and livelihoods.
Key points
Adds "economic cause" as a reason to declare a fishery resource disaster, enabling federal assistance.
Defines "economic cause" as foreign activities that distort the market, disrupt sustainable harvest, or hinder fishery viability.
Allows consideration of illegal fishing, predatory pricing, and foreign subsidies' impact on US seafood markets.
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Additional Information
Print number: 118_HR_10010
Sponsor: Rep. Mace, Nancy [R-SC-1]
Process start date: 2024-10-18