The U.S. Senate Appropriations Committee on Thursday released a $64 billion disaster assistance bill that includes $150 million for the six states in the Northeast groundfishery and three other states.
The bill's impetus was relief for superstorm Sandy, but lawmakers have added a variety of other disaster relief measures, including farm drought relief.
After its transformation into a commodity market with trading in catch shares by members of fishing cooperatives in 2010, the groundfishery began disintegrating into economic crisis. The failure was acknowledged by the acting commerce secretary in September, 11 months after Massachusetts Gov. Deval Patrick began petitioning for a disaster declaration.
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