🐟Emergency Regulations for Northeast Multispecies Fishery 2025
Magnuson-Stevens Fishery Conservation and Management Act Provisions; Fisheries of the Northeastern United States; Northeast Multispecies Fishery; Fishing Year 2025 Measures
Summary
This temporary rule implements emergency measures under the authority of the Magnuson-Stevens Fishery Conservation and Management Act (Magnuson-Stevens Act) to revise portions of the fishing year 2025 provisions in the Northeast Multispecies Fishery Management Plan (FMP). This action is necessary to address an emergency presented by a gap of approved specifications and other measures for fishing year 2025, based on the most recent fisheries data and scientific information, during consideration of two actions to the amend the FMP that would transition conservation and management of Atlantic cod from two biological stock units to four biological stock units. This temporary rule is intended to mitigate economic harm to the Northeast multispecies fishery participants by establishing fish stock quotas and related measures that allow the fishery to operate while preventing overfishing.
Agencies
- Commerce Department
- National Oceanic and Atmospheric Administration
Business Impact
$$$ - High
The regulatory text details emergency action measures for the Northeast Multispecies Fishery, affecting fish quotas and operational standards, which directly impacts financial and operational structures for fishing businesses, ensuring they can continue to function without substantial economic harm.