🦞Impacts of Exempted Fishing Permits on Fisheries Business
Magnuson-Stevens Act Provisions; General Provisions for Domestic Fisheries; Application for Exempted Fishing Permits
Summary
The Assistant Regional Administrator for Sustainable Fisheries, Greater Atlantic Region, NMFS, has made a preliminary determination that an Exempted Fishing Permit (EFP) application contains all of the required information and warrants further consideration. The EFP would allow federally permitted fishing vessels to fish outside fishery regulations in support of exempted fishing activities proposed by the Gloucester Marine Genomics Institute. Regulations under the Magnuson-Stevens Fishery Conservation and Management Act and the Atlantic Coastal Fisheries Cooperative Management Act require publication of this notification to provide interested parties the opportunity to comment on applications for proposed EFPs.
Agencies
- Commerce Department
- National Oceanic and Atmospheric Administration
Business Impact
$$ - Med
The text discusses the application for Exempted Fishing Permits (EFPs), allowing federally permitted vessels to engage in fishing activities that would otherwise violate regulations. This could affect businesses involved in commercial fishing due to changes in operational regulations and opportunities for genetic research funding.