Relative to establishing a pilot program to support high impact fisheries
Impact
Under this bill, any proposed regulations affecting the Massachusetts fishing industry would require a comprehensive economic impact statement. This statement would detail projected economic losses and include a plan for mitigating these impacts. This requirement aims to ensure that fishers are adequately informed about potential disruptions to their livelihoods and allows for community feedback through a 60-day public commenting period prior to finalizing regulations. The creation of a High-Impact Fisheries Mitigation Fund will enable the funding of these assessments and proposed compensatory measures.
Summary
House Bill H3981 aims to establish a pilot program designed to support high-impact fisheries in Massachusetts, particularly focusing on the lobster and groundfish sectors. The bill proposes that the program assess and mitigate the economic impact of regulatory actions on these fisheries, which have experienced significant pressures from recent regulatory changes. By collaborating with various stakeholders, including the Division of Marine Fisheries, environmental organizations, and academic institutions, the program intends to provide a structured approach to understanding and lessening the financial burdens imposed by regulation.
Contention
One of the notable points of contention surrounding H3981 lies in the balance between environmental conservation efforts and the economic sustainability of the fishing community. Proponents of the bill argue that it is crucial for safeguarding the livelihoods of fishers affected by stringent regulations. However, there could be concerns raised by environmental advocacy groups about ensuring that regulatory standards still protect marine ecosystems and prevent overfishing. This balance will likely spark debate within legislative discussions, further emphasizing the need for an ongoing dialogue about the economic and ecological implications of fisheries management.