U.S. Sen. Maria Cantwell, D-Wash., and U.S. Representatives Jaime Herrera Beutler, R-Camas, and Jared Huffman, D-Calif., have led a coalition of senators and representatives to introduce new legislation that would help support the West Coast's fishing industry, according to a statement released Thursday.
Many fishing businesses in the West Coast groundfish fishery have struggled to pay high interest rates on federal loans and fees on their catch, according to Herrera Beutler.
The legislation ensures these fishermen receive the same interest rates on federal loans as other businesses and extends the length of these loans from 30 to 45 years. In addition, the legislation reduces fees the National Oceanic and Atmospheric Administration (NOAA) collects from fishermen to pay down their loans, Herrera Beutler said in the release.
In 2011, the West Coast groundfish fishery supported 3,000 jobs and a catch valued at $64 million, according to the Camas Republican.
Read the full story at the Daily News>>
National Fisherman Live: 3/10/15
In this episode, Online Editor Leslie Taylor talks with Mike McLouglin, vice president of Dunlop Industrial and Protective Footwear.
National Fisherman Live: 2/24/15
In this episode:
March date set for disaster aid dispersal
Oregon LNG project could disrupt fishing
NOAA tweaks gear marking requirement
N.C. launches first commercial/recreational dock
Spiny lobster traps limits not well received
Today Sen. Lisa Murkowski (R-AK) introduced legislation to extend a permanent exemption for incidental runoff from small commercial fishing boats.
The National Working Waterfront Network is now accepting abstracts and session proposals for the next National Working Waterfronts & Waterways Symposium, taking place Nov. 16-19 in Tampa, Fla. The deadline is Tax Day, April 15.Read more...