118 STAT. 2890 PUBLIC LAW 108–447—DEC. 8, 2004 (1)(A) permanently revoke any fishery endorsement issued to the vessel under section 12108 of title 46, United States Code; (B) refuse to grant the approval required under section 9(c)(2) of the Shipping Act, 1916 (46 U.S.C. App. 808(c)(2)) for the placement of the vessel under foreign registry or the operation of the vessel under the authority of a foreign country; and (C) require that the vessel operate under United States flag and remain under Federal documentation; or (2) require that the vessel be scrapped as a reduction vessel under section 600.1011(c) of title 50, Code of Federal Regulations. (g) NON POLLOCK GROUNDFISH FISHERY.— (1) PARTICIPATION IN THE FISHERY.—Only a member of a catcher processor subsector may participate in— (A) the catcher processor sector of the BSAI non pollock groundfish fishery; or (B) the fishing capacity reduction program authorized by subsection (b). (2) PLANS FOR THE FISHERY.—It is the sense of Congress that— (A) the Council should continue on its path toward rationalization of the BSAI non pollock groundfish fish eries, complete its ongoing work with respect to developing management plans for the BSAI non pollock groundfish fisheries in a timely manner, and take actions that promote stability of these fisheries consistent with the goals of this section and the purposes and policies of the Magnuson Stevens Fishery Conservation and Management Act; and (B) such plans should not penalize members of any catcher processor subsector for achieving capacity reduction under this Act or any other provision of law. (h) REPORTS.— (1) REQUIREMENT.—The Secretary shall submit to the Com mittee on Commerce, Science, and Transportation of the Senate and the Committee on Resources of the House of Representa tives 5 reports on the fishing capacity reduction program authorized by subsection (b). (2) CONTENT.—Each report shall contain the following: (A) A description of the fishing capacity reduction pro gram carried out under the authority in subsection (b). (B) An evaluation of the cost and cost effectiveness of such program. (C) An evaluation of the effectiveness of such program in achieving the objective set out in section 312(b) of the Magnuson Stevens Fishery Conservation and Management Act (16 U.S.C. 1861a(b)). (3) SCHEDULE.— (A) INITIAL REPORT.—The Secretary shall submit the first report under paragraph (1) not later than 90 days after the date that the first referendum referred to in subsection (e)(3) is held. (B) SUBSEQUENT REPORTS.—During each of the 4 years after the year in which the report is submitted under subparagraph (A), the Secretary shall submit to Congress an annual report as described in this subsection.
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