Aumua Amata Coleman Radewagen

To amend the Magnuson-Stevens Fishery Conservation and Management Act to provide for the regulation of fishing in marine national monuments.

The proposal would give federal authorities the power to set fishing rules and limits in marine national monuments, which are protected ocean areas. Currently, fishing regulations in these underwater protected zones are unclear or limited, so this change would let the government manage what fish can be caught there and by whom. This would affect commercial fishing companies, recreational fishers, and coastal communities that depend on ocean resources.

To permanently extend the American Samoa economic development tax credit.

This bill permanently extends the American Samoa economic development tax credit, effective for tax years beginning after December 31, 2021. Under current law, certain qualified domestic corporations may be entitled to a tax credit for a percentage of qualified American Samoa wages, allocable employee fringe benefits, and depreciation allowances related to qualified American Samoa tangible property. However, under current law, the tax credit is only available for such corporations for tax years beginning on or before December 31, 2021.