Page:United States Statutes at Large Volume 110 Part 5.djvu/504

 110 STAT. 3578 PUBLIC LAW 104-297—OCT. 11, 1996 ommendations to implement a national policy with respect to individual fishing quotas. The report shall adc&ess all aspects of such quotas, including an analysis of— (A) the effects of limiting or prohibiting the transferability of such quotas; (B) mechanisms to prevent foreign control of the harvest of United States fisheries under individual fishing quota programs, including mechanisms to prohibit persons who are not eligible to be deemed a citizen of the United States for the purpose of operating a vessel in the coastwise trade under section 2(a) and section 2(c) of the Shipping Act, 1916 (46 U.S.C. 802 (a) and (c)) from holding individual fishing quotas; (C) the impact of limiting the duration of individual fishing quota programs; (D) the impact of authorizing Federal permits to process a quantity of fish that correspond to individual fishing quotas, and of the value created for recipients of any such permits, including a comparison of such value to the value of the corresponding individual fishing quotas; (E) mechanisms to provide for diversity and to minimize adverse social and economic impacts on fishing communities, other fisheries affected by the displacement of vessels, and any impacts associated with the shuting of capital value from fishing vessels to individual fishing quotas, as well as the use of capital construction funds to purchase individual fishing quotas; (F) mechanisms to provide for effective monitoring and enforcement, including the inspection of fish harvested and incentives to reduce bycatch, and in particular economic discards; (G) threshold criteria for determining whether a fishery may be considered for individual fishing quota management, including criteria related to the geographicai range, population dynamics and condition of a fish stock, the socioeconomic characteristics of a fishery (including participants' involvement in multiple fisheries in the region), ana participation by commercial, charter, and recreational fishing sectors in the fishery; (H) mechanisms to ensure that vessel owners, vessel masters, crew members, and United States fish processors are treated fairly and equitably in initial allocations, to require persons holding individu£d fishing quotas to be on board the vessel using such quotas, and to facilitate new entry under individual fishing quota programs; (I) potential social and economic costs and benefits to the nation, individu£Q fishing quota recipients, and any recipients of Federal permits described in subparagraph (D) under individual fishing quota programs, incluoing irom capital gains revenue, the allocation of such quotas or permits through Federal auctions, annual fees and transfer fees at various levels, or other measures; (J) the value created for recipients of individual fishing quotas, including a comparison of such vsdue to the value of the fish harvested under such quotas and to the value of permits created by other types of limited access systems, ana the effects of creating such value on fishery management and conservation; and

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