Sec. 3. Regional fisheries investment grant program

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Section 2 of the Act of August 11, 1939 (commonly known as the Saltonstall-Kennedy Act ) ( 15 U.S.C. 713c–3 ), is amended by amending subsection

(c)to read as follows: Each Council shall establish and maintain, under the authority of section 302(g) of the Magnuson-Stevens Fishery Conservation and Management Act ( 16 U.S.C. 1852(g) ), a fishery investment committee. Each fishery investment committee shall be comprised of not more than 13 individuals. Each fishery investment committee shall— develop a regional fishery investment plan under subsection (c)(2); review grant applications and projects to implement its regional fishery investment plan; and make recommendations, based on its findings, to the Council on grant applications and projects to implement its regional fishery investment plan. Each member of a fishery investment committee shall be an individual who, by reason of the individual's occupational experience or other experience, scientific expertise, or training, is knowledgeable of the conservation and management of, or the commercial or recreational catch of, the fishery resources of the geographical area concerned. Each member of a fishery investment committee— shall be nominated and elected by the applicable Council during a public meeting of the Council; shall serve for a 3-year term; and may be re-elected for an additional 3-year consecutive term. A member of a fishery investment committee shall recuse himself or herself from considering any grant application that the member has a financial interest that would require disclosure under section 302(j)(2) of the Magnuson-Stevens Fishery Conservation and Management Act ( 16 U.S.C. 1852(j)(2) ). Each fishery investment committee shall be multi-disciplinary, reflect the geographic balance of the Council, and include at least 1 representative of— the commercial fishing community; the private recreational angling community; the for-profit charter fishing community; the public interest in marine conservation who— does not derive an annual income from commercial or recreational fishing; and is not employed by any person who derives an annual income from commercial or recreational fishing; each State government in the region; relevant interstate commissions; federally recognized tribes, where applicable; and research institutions. Each fishery investment committee shall develop a regional fishery investment plan that identifies critical research, conservation, and management needs and corresponding actions to facilitate rebuilding and maintaining healthy fish populations and sustainable fisheries over a 5-year period. Each plan shall— be consistent with the current 5-year research priority plans developed under section 302(h)(7) of the Magnuson-Stevens Fishery Conservation and Management Act ( 16 U.S.C. 1852(h)(7) ); include areas of investment that are critical for rebuilding and maintaining healthy United States fish populations and promoting sustainable fisheries, including— stock surveys, stock assessments and analysis, and cooperative fishery research, in conjunction with the National Oceanic and Atmospheric Administration, involving fishery participants, academic institutions, and other interested parties; efforts to improve the collection and accuracy of fishery catch data, including— expanding the use of, and research and development on, catch monitoring and reporting programs and technology, both at-sea and shoreside, including the use of electronic monitoring devices and satellite tracking systems; and improving data collection for recreational fisheries, including improvements to the Marine Recreational Fishery Statistics Survey in accordance with section 401(g)(3) of the Magnuson-Stevens Fishery Conservation and Management Act ( 16 U.S.C. 1881(g)(3) ); analyzing the social and economic impacts of fishery management decisions; providing financial assistance to, and investment in, fishermen and fishing communities through— fishing capacity reduction, including vessel, permit, and gear buybacks; and investment in permit banks or trusts and other entities, including community fishing associations and projects designed to help sustain fishery dependent communities and small-scale fisheries; development of methods or technologies to improve the quality and value of fish landed; research and development of conservation engineering technologies and methods in both commercial and recreational fisheries; and habitat restoration and protection; be revised by the regional fishery investment committee and approved by the Council at least once every 5 years; be submitted to the Secretary for review to ensure the plan is consistent with the requirements of the Magnuson-Stevens Fishery Conservation and Management Act ( 16 U.S.C. 1801 et seq. ), and this section; be published in the Federal Register and made available for public comment; and become effective not later than 60 days after the date of receipt unless the Secretary makes a negative consistency finding. If the Secretary makes a negative consistency finding under paragraph (2)(F), each portion of the plan that is the subject of the negative consistency finding shall not be effective until it is made consistent by the regional fishery investment committee and the Council. Not later than 30 days after the date of enactment of the Fisheries Disaster Relief and Research Investment Act , the Secretary shall establish an annual competitive grant program to provide funds for projects, activities, and research that advance the regional priorities that are included in the regional fishery investment plans. State, Federal, regional, or private entities or persons shall be eligible for funding with preference given to public-private partnerships. The Secretary may only award a grant for a project, activity, or research that— implements regional fishery investment plans; and has been recommended for funding by the respective regional fishery investment committee and approved by the Council. . Section 2(d) of the Act of August 11, 1939 (commonly known as the Saltonstall-Kennedy Act ) ( 15 U.S.C. 713c–3(d) ), is amended— in paragraph (1), by striking research and development addressed to such aspects of United States fisheries (including, but not limited to, harvesting, processing, marketing, and associated infrastructures) if not adequately covered by projects assisted under subsection (c), as the Secretary deems appropriate and inserting fisheries research and investment that supports rebuilding and maintaining healthy United States fish populations and promotes sustainable fisheries. The program shall address fisheries needs and problems described under subsection (e)(1)(B). ; and in paragraph (2)— by striking , after consultation with appropriate representatives of the fishing industry, ; by striking Merchant Marine and Fisheries and inserting Natural Resources ; in subparagraph (A), by striking development goals and funding priorities under paragraph

(1)and inserting investment priorities ; in subparagraph (B), by striking all pending projects assisted under subsection

(c)and all that follows and inserting the projects funded by the Secretary under this subsection; and ; and in subparagraph (C), by striking each project assisted and all that follows and inserting how well the project met the fisheries needs described in subsection (e)(1). . Section 2(e)(1) of the Act of August 11, 1939 (commonly known as the Saltonstall-Kennedy Act ) ( 15 U.S.C. 713c–3(e)(1) ), is amended— by striking moneys each place it appears and inserting monies ; by striking purpose of promoting and inserting purposes of investing in ; by inserting or diverted following shall be transferred ; and by striking subparagraph

(A)and all the follows through the end of the paragraph and inserting the following: The Secretary shall allocate 70 percent of such monies available at the beginning of each fiscal year to the 8 Council regions and the Secretary in accordance with the following formula pursuant to subsection (c): One-half allocated equally among the Council regions. One-half allocated proportionally among the Council regions based on the combined economic impact of commercial landings and recreational fishing in each region. 20 percent of such monies shall be available to the Secretary under subsection

(d)for projects addressing fisheries needs and problems, as identified by the Secretary, as follows: Up to one-fifth shall be allocated to, and apportioned as the Secretary deems appropriate among, the Atlantic States Marine Fisheries Commission, the Gulf States Marine Fisheries Commission, and the Pacific States Marine Fisheries Commission. Up to one-fifth shall be allocated to seafood promotion and sustainable certification efforts. Up to one-fifth shall be allocated to improve fisheries’ management through research, monitoring or evaluation, and modification of regulations and procedures. Up to one-fifth shall be allocated to fisheries’ disasters, and shoreside infrastructure and access needs. Up to one-fifth shall be allocated to other special needs, including management of highly migratory species and international fisheries. Any of such monies remaining after the annual fiscal year allocations made pursuant to subparagraph

(B)shall remain available to the Secretary without fiscal year limitation for future such allocations. Not more than 10 percent of the monies referred to in paragraph

(1)each fiscal year may be used to offset receipts for the National Oceanic and Atmospheric Administration’s Operations, Research, and Facilities account. The Secretary shall notify annually each Council of funds available for grants in its region. Prior to the allocation of monies under paragraph

(1)each fiscal year, the Secretary— may reserve up to 3 percent of such monies for the administration of the grant program; and shall distribute 3 percent of such monies equally among each of the 8 Councils for the development and implementation of fishery investment plans and grant review. Except as provided in paragraph (2), the Secretary may not reduce or eliminate funding for any research, survey, monitoring, or assessment activities necessary to meet the conservation and management requirements of the Magnuson-Stevens Fishery Conservation and Management Act ( 16 U.S.C. 1801 et seq. ) as a result of funding provided under this section. . Notwithstanding any provision of section 2 of the Act of August 11, 1939 (commonly known as the Saltonstall-Kennedy Act ) ( 15 U.S.C. 713c–3 ) and the amendments made by this Act, the Secretary of Commerce shall cause the amount transferred to the Secretary for fiscal year 2014 under subsection (b)(1) of such section to be distributed among eligible recipients of assistance for commercial fishery failures and fishery disasters declared by the Secretary of Commerce in calendar year 2012 under sections 308(b) and 308(d) of the Interjurisdicitional Fisheries Act ( 16 U.S.C. 4107 ) and sections 312(a) and 315 of the Magnuson-Stevens Fishery Conservation and Management Act ( 16 U.S.C. 1861a(a) and 1864).

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