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Fishery Support and Marine Life Protection: Bycatch Reduction Fund Established.

This law aims to protect marine life by reducing the amount of unintended catch (bycatch) in commercial fishing operations. It establishes an Assistance Fund to provide financial help to fishermen for purchasing modern, selective gear and technology. At least 60% of this funding is specifically directed towards owners of small fishing vessels, helping them comply with environmental standards.
Key points
Authorizes $10 million annually (2025-2029) for engineering programs focused on reducing bycatch.
Creates the Bycatch Mitigation Assistance Fund, supported by donations, offering financial aid to fishermen for new, environmentally friendly equipment.
Small commercial fishing vessels (65 feet or less) are prioritized, guaranteed at least 60% of the new Fund's resources.
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Additional Information
Print number: 118_HR_8508
Sponsor: Rep. Peltola, Mary Sattler [D-AK-At Large]
Process start date: 2024-05-22