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DOC/NOAA | RIN: 0648-BH82 | Publication ID: Fall 2019 |
Title: Revise the Fisheries Finance Program to Facilitate New Vessel Construction | |
Abstract:
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. |
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Agency: Department of Commerce(DOC) | Priority: Other Significant |
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 |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Brian Pawlak Department of Commerce National Oceanic and Atmospheric Administration 1315 East-West Highway, Silver Spring, MD 20910 Phone:301 427-8621 Email: brian.t.pawlak@noaa.gov |