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H.R. 5103: Fishery Improvement to Streamline untimely regulatory Hurdles post Emergency Situation Act

This proposed legislation, known as the Fishery Improvement to Streamline Untimely Regulatory Hurdles post Emergency Situation Act or the FISHES Act, aims to improve the process for managing funds allocated after a fishery resource disaster.

Key Features of the Bill

Spend Plans Submission: When a fishery faces a disaster, the affected requesters must submit a detailed spend plan to the Secretary of Commerce within 120 days of being notified that funds are available. This plan must include objectives, a statement of work, and a budget.
Review Process: The Secretary will have 10 days to review the submitted spend plan. If deemed incomplete, the Secretary must provide a detailed list of the necessary information for completion.
Timeliness of Fund Distribution: Funds must be made available to grantees within 90 days after a complete spend plan is received. The Director of the Office of Management and Budget (OMB) can review plans concurrently but cannot delay the fund availability timeline.

Aims of the Bill

The overall goal of the FISHES Act is to streamline the regulatory processes related to fisheries management after emergency situations by ensuring timely submission, review, and approval of spend plans, thereby facilitating quicker access to funds that support fishery recovery efforts.

Amendments to Existing Laws

This legislation amends the Magnuson-Stevens Fishery Conservation and Management Act to incorporate the new timelines and procedural requirements for submitting and reviewing spend plans for fisheries impacted by disasters.

Impact on Stakeholders

The bill seeks to assist fishery managers, stakeholders, and communities affected by fishery disasters by establishing more efficient regulatory pathways. This could lead to a quicker recovery process for fisheries and related businesses that rely on fishery resources for their operations.

Relevant Companies

DOF ASA (DOF) - This company is involved in offshore services, including fishery support, and may benefit from quicker funding for operations related to fisheries affected by disasters.
TASER International, Inc. (TG) - A company that deals with technology used for monitoring and managing fish populations, which might see increased demand for their services following post-disaster recovery efforts funded by this bill.

This is an AI-generated summary of the bill text. There may be mistakes.

Actions

21 actions

Date	Action
Dec. 27, 2024	Presented to President.
Dec. 23, 2024	Message on Senate action sent to the House.
Dec. 21, 2024	Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Dec. 21, 2024	Passed Senate without amendment by Unanimous Consent. (consideration: CR S7317)
Dec. 21, 2024	Senate Committee on Commerce, Science, and Transportation discharged by Unanimous Consent.
Dec. 04, 2024	Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.
Dec. 03, 2024	Considered under suspension of the rules. (consideration: CR H6268-6269)
Dec. 03, 2024	DEBATE - The House proceeded with forty minutes of debate on H.R. 5103.
Dec. 03, 2024	Motion to reconsider laid on the table Agreed to without objection.
Dec. 03, 2024	Mr. Westerman moved to suspend the rules and pass the bill, as amended.
Dec. 03, 2024	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6268)
Dec. 03, 2024	Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6268)
Nov. 14, 2024	Placed on the Union Calendar, Calendar No. 618.
Nov. 14, 2024	Reported (Amended) by the Committee on Natural Resources. H. Rept. 118-733.
Sep. 19, 2024	Committee Consideration and Mark-up Session Held
Sep. 19, 2024	Ordered to be Reported in the Nature of a Substitute by Unanimous Consent.
Sep. 19, 2024	Subcommittee on Water, Wildlife, and Fisheries Discharged
Oct. 25, 2023	Subcommittee Hearings Held
Oct. 24, 2023	Referred to the Subcommittee on Water, Wildlife, and Fisheries.
Aug. 01, 2023	Introduced in House
Aug. 01, 2023	Referred to the House Committee on Natural Resources.

Corporate Lobbying

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Potentially Relevant Congressional Stock Trades

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