Cantwell, Herrera Beutler introduce bill to support fishing jobs

2013-07-14T10:00:00Z 2013-07-14T10:16:03Z Cantwell, Herrera Beutler introduce bill to support fishing jobsThe Chronicle (Centralia) Longview Daily News
July 14, 2013 10:00 am  • 

U.S. Sen. Maria Cantwell, D-Wash., and U.S. Representatives Jaime Herrera Beutler, R-Camas, and Jared Huffman, D-Calif., have led a coalition of senators and representatives to introduce new legislation that would help support the West Coast’s fishing industry, according to a statement released Thursday.

Many fishing businesses in the West Coast groundfish fishery have struggled to pay high interest rates on federal loans and fees on their catch, according to Herrera Beutler.

The legislation ensures these fishermen receive the same interest rates on federal loans as other businesses and extends the length of these loans from 30 to 45 years. In addition, the legislation reduces fees the National Oceanic and Atmospheric Administration (NOAA) collects from fishermen to pay down their loans, Herrera Beutler said in the release.

In 2011, the West Coast groundfish fishery supported 3,000 jobs and a catch valued at $64 million, according to the Camas Republican.

“This bill will provide much-needed relief to the folks in Southwest Washington whose livelihoods depend on fishing,” Herrera Beutler said. “Conditions have changed in both the economy and the fishing industry since these loans were issued, and too many small fishing businesses up and down our coast are struggling to keep afloat financially.”

The Secretary of Commerce declared the West Coast groundfish fishery a federal fisheries economic disaster in 2000, because of overcapitalization and overfishing.

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(3) Comments

  1. hippi freak
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    hippi freak - July 14, 2013 12:24 pm
    Uhho Skipper! Looks like the politicians have a solution to a problem! No Gilligan they don't have a solution, they are the problem Little Buddy! But don't worry the Environmental Activist and Judges will protect us! But Skipper the last time they tried to protect our fisheries, they gave the Sea Lions a Buffet table at the Botton of Bonnnivelle Dam and cut back on hatchery production at Cowlits River Hatchery. Well Little Buddy, guess it's time to sell the Minnow.
  2. gillnetter mole
    Report Abuse
    gillnetter mole - July 15, 2013 6:02 pm
    spot on there hippi !
  3. LewWaters
    Report Abuse
    LewWaters - July 15, 2013 10:15 pm
    Uh, won't they be paying back the same amount of interest or even more, but in smaller increments over a much longer period of time?
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