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 PUBLIC LAW 104-297—OCT. 11, 1996 110 STAT. 3615 (b) REPORT.— The Secretary shall report the results of the study, together with any recommendations for legislation deemed necessary based on the study, within 6 months after the date of enactment of this Act to the Committee on Resources of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate. SEC. 210. REVIEW OF NORTHEAST FISHERY STOCK ASSESSMENTS. The National Academy of Sciences, in consultation with regionally recognized fishery experts, shall conduct a peer review of Canadian and United States stock assessments, information collection methodologies, biological assumptions and projections, and other relevant scientific information used as the basis for conservation and management in the Northeast multispecies fishery. The National Academy of Sciences shall submit the results of such review to the Congress and the Secretary of Commerce no later than March 1, 1997. SEC. 211. CLERICAL AMENDMENTS. The table of contents is amended by striking the matter relating to title IV and inserting the following: "Sec. 312. Transition to sustainable fisheries. "Sec. 313. North Pacific fisheries conservation. "Sec. 314. Northwest Atlantic Ocean fisheries reinvestment program. " TITLE IV—FISHERY MONITORING AND RESEARCH "Sec. 401. Registration and information management. "Sec. 402. Information collection. "Sec. 403. Observers. "Sec. 404. Fisheries research. "Sec. 405. Incidental harvest research. "Sec. 406. Fisheries systems research. "Sec. 407. Gulf of Mexico red snapper research.". TITLE III—FISHERIES FINANCING Fisheries Financing Act. SEC. 301. SHORT TITLE. 46 USC app. This title may be cited as the "Fisheries Financing Act". SEC. 302. INDIVIDUAL FISHING QUOTA LOANS. (a) AMENDMENT OF MERCHANT MARINE ACT, 1936.— Section 1104A of the Merchant Marine Act, 1936 (46 U.S.C. App. 1274) is gimended— (1) by striking "or" at the end of subsection (a)(5); (2) by striking the period at the end of subsection (a)(6) and inserting a semicolon and "or"; (3) by adding at the end of subsection (a) the following: "(7) financing or refinancing, including, but not limited to, the reimbursement of obligors for expenditures previously made, for the purchase of individual fishing quotas in accordance with section 303(d)(4) of the Magnuson Fishery Conservation and Management Act (16 U.S.C. 1853(d)(4))."; and (4) by striking "paragraph (6)" in the last sentence of subsection (a) and inserting "paragraphs (6) and (7)"; and (5) by striking "equal to" in the third proviso of subsection (b)(2) and inserting "not to exceed". (b) PROHIBITION.— Until October 1, 2001, no new loans may 46 USC app. be guaranteed by the Federal Government for the construction 1274 note. of new fishing vessels if the construction will result in an increased

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