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.
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National Fisherman Live for March 11, 2014
Governor Terry McAuliffe announced today the appointment of John M.R. Bull as Commissioner of the Virginia Marine Resources Commission. John Bull has been with the Virginia Marine Resources Commission since June 2007 and has been serving as Acting Commissioner since January 2014.
PORTSMOUTH, NH - The New Hampshire Fish and Lobster Festival, known locally as Fishtival, invites the community to Portsmouth's Prescott Park each September to honor, celebrate and rediscover the proud tradition of small-scale, local commercial groundfishing in New Hampshire and its valuable contribution to our local food system, local economy and local culture. Now, the mission continues with the announcement of small grants available from the proceeds of the 2013 event.