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DOC/NOAA

RIN: 0648-BG80

Publication ID: Spring 2018

Title: Harvesting Rights Lending Program
Abstract: The National Marine Fisheries Service proposes regulations to expand the Fisheries Finance Program's authority to provide fisheries loans. The new authority was provided by the Coast Guard Authorization Act of 2015, and would allow the Fisheries Finance Program to finance the purchase and transfer of harvesting rights in limited access fisheries that are under Federal management. This new authority would not affect the current Individual Fishing Quota lending program, which is limited to Halibut/Sablefish and Bering Sea and Aleutian Islands Crab at present. The new authority would open up any federally-issued harvesting rights in limited access fisheries to being financed through the Fisheries Finance Program. The new authority is provided within the existing, authorized lending authority, with $59 million in lending set aside for the Fisheries Finance Program's traditional purposes, i.e., financing vessels, facilities, or aquaculture.
Agency: Department of Commerce(DOC)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
EO 13771 Designation: Deregulatory
CFR Citation: 50 CFR 253
Legal Authority: 16 U.S.C. 1801 et seq.

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	10/31/2017	82 FR 50363
NPRM Comment Period End	11/30/2017
Final Action	05/00/2018

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: Businesses	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Stuart Merrill Acting Director/CFO, NMFS Office of Management and Budget Department of Commerce National Oceanic and Atmospheric Administration 1315 East-West Highway, Silver Spring, MD 20910 Phone:301 427-8733 Email: stuart.merrill@noaa.gov