USE OF FISHERY FINANCE PROGRAM FOR SUSTAINABLE PURPOSES.

SEC. 209. USE OF FISHERY FINANCE PROGRAM FOR SUSTAINABLE PURPOSES. Section 53706(a)(7) of title 46, United States Code, is amended to read as follows:“(7) Financing or refinancing—“(A) the purchase of individual fishing quotas in accordance with section 303(d)(4) of the Magnuson-Stevens Fishery Conservation and Management Act (including the reimbursement of obligors for expenditures previously made for such a purchase);“(B) activities that assist in the transition to reduced fishing capacity; or“(C) technologies or upgrades designed to improve collection and reporting of fishery-dependent data, to reduce bycatch, to improve selectivity or reduce adverse impacts of fishing gear, or to improve safety.”.