🎣Proposed Rule on Pacific Cod Fishing Opportunities for Small Vessels
Fisheries of the Exclusive Economic Zone Off Alaska; Amendment 125 to the Bering Sea and Aleutian Islands Fishery Management Plan; Pacific Cod Small Boat Access
Summary
NMFS proposes a rule to implement amendment 125 to the Fishery Management Plan for Groundfish of the Bering Sea and Aleutian Islands Management Area (BSAI FMP). Amendment 125 would add a small vessel provision to the current BSAI Pacific cod jig sector in the A season, January 1 to April 30. Under this small vessel provision, catch from catcher vessels (CV) using hook-and-line or pot gear that are less than or equal to 55 feet (ft) (16.8 meters (m)) length overall (LOA) harvesting Pacific cod in the BSAI during the jig gear A season would accrue to the jig sector allocation. This action would provide stability and additional opportunities for some fishery participants and potential new entrants. It also advances the goals and objectives of the Magnuson-Stevens Fishery Conservation and Management Act (Magnuson-Stevens Act), the BSAI FMP, and other applicable laws.
Agencies
- Commerce Department
- National Oceanic and Atmospheric Administration
Business Impact
$$$ - High
The proposed rule introduces significant regulatory changes affecting the allocation of Pacific cod, impacting financial outcomes for smaller fishing businesses (≤55 ft LOA) and the jig sector. It aims to enhance fishing opportunities and safety, contributing to increased revenue for smaller entities, thereby influencing compliance and financial planning.