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This rule would amend the Fisheries Finance Program's (Program) regulations to allow the financing of new vessel construction and rehabilitation of existing vessels in limited access fisheries. In 2014, Congress had removed a long-standing restriction in NOAA appropriations against financing the construction of new fishing vessels. This rulemaking is intended to implement that new authority and support efforts to recapitalize the fishing fleets in federally managed, limited access fisheries. This authority is limited to fisheries that are federally managed and limited access - where only a limited number of permits are issued, and resulting fish harvesting is limited as well.