Sec. 10107. COMMERCIAL FISHERIES FAILURE
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## SEC. 10107 COMMERCIAL FISHERIES FAILURE ###
(a)In General The Secretary of Agriculture, in consultation with the Secretary of Commerce, shall provide emergency disaster assistance for the commercial fishery failure under section 308(b)(1) of the Interjurisdictional Fisheries Act of 1986 (16 U.S.C. 4107(b)(1)) with respect to Northeast multispecies fisheries. ###
(b)Program Requirements Amounts made available to carry out this section shall be used to support a voluntary fishing capacity reduction program in the Northeast multispecies fishery that— ####
(1)is certified by the Secretary of Commerce to be consistent with section 312(b) of the Magnuson-Stevens Fishery Conservation and Management Act (16 U.S.C. 1861a(b)); and ####
(2)permanently revokes multispecies limited access fishing permits so as to obtain the maximum sustained reduction in fishing capacity at the least cost and in the minimum period of time and to prevent the replacement of fishing capacity removed by the program. ###
(c)Application of Regulations The program shall be carried out in accordance with the regulations codified at part 648 of title 50, Code of Federal Regulations, and any corresponding rule issued in accordance with the regulations. ###
(d)Authorization of Appropriations There are authorized to be appropriated such sums as are necessary to carry out this section. ###
(e)Termination of Authority The authority provided under this section terminates on the date that is 1 year after the date of enactment of this Act.
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