Protecting US Fisheries: New Disaster Aid for Foreign Economic Harm.
This law allows the government to declare a fishery disaster if the industry is harmed by unfair economic actions from foreign entities, such as illegal fishing, price dumping, or subsidies. This change ensures that local fishermen can receive federal aid when their livelihoods are threatened by unfair international competition. The goal is to stabilize domestic seafood production and protect jobs.
Key points
Adds 'economic cause' as a new reason to declare a federal fishery resource disaster, alongside natural and anthropogenic causes.
Federal aid becomes available for fishermen harmed by foreign subsidies, illegal, unreported, or unregulated (IUU) fishing, or predatory pricing.
The law defines foreign economic harm as actions that distort the market or hinder the operational viability of US fisheries.
Status:
Introduced
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