Imposing Sanctions to Combat Illegal Fishing and Endangered Species Trade Globally.
This Act strengthens US global efforts against Illegal, Unreported, or Unregulated (IUU) fishing and the illicit trade of endangered species. It authorizes the President to impose severe financial and visa sanctions on foreign individuals and vessels involved, including asset blocking and denial of access to US ports. The goal is to protect global marine resources and ensure fair competition in the fishing industry, specifically targeting the harmful actions of the People’s Republic of China.
Key points
New Sanctions Power: The President can block assets, deny visas, and prohibit US port access for foreign entities engaged in illegal fishing or endangered species trafficking.
Global Enforcement: The US expands its ability to cooperate internationally and deploy technology to prosecute maritime crimes worldwide, removing previous geographical limits on support.
Financial Consequences: US financial institutions may be prohibited from making loans or providing credits to foreign persons sanctioned for illegal maritime activities.
Status:
Expired
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