,,ii #aaf? ,,congress #a/ ,session ,s4 #bbji ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #bc1 #bjai ,mrs4 ,hyde-,smi? 7= h]self & ,mr4 ,k5n$y7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,comm]ce1 ,sci5ce1 & ,transportation ,a ,,bill ,to am5d ! ,magnuson-,/ev5s ,fi%]y ,cons]vation & ,managem5t ,act to e/abli% a safety net program = comm]cial fi%]m5 & aquaculture produc]s4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,comm]cial ,fi%+ & ,aquaculture ,protection ,act ( #bjai4 #b4 ,supplem5tal rev5ue assi/ance = comm]cial fi%]m5 & f>m-rais$ fi% produc]s ,! ,magnuson-,/ev5s ,fi%]y ,cons]vation & ,managem5t ,act 7#af ,u4,s4,c4 #ahja et seq47 is am5d$ by ins]t+ aft] section #cbj ! foll[+3 #cba4 ,supplem5tal rev5ue assi/ance = comm]cial fi%]m5 & f>m-rais$ fi% produc]s 7a7 ,def9itions ,9 ?is section3 7#a7 ,eligible comm]cial fi%]man 7,a7 ,9 g5]al ,! t]m eligible comm]cial fi%]man means an individual or entity describ$ 9 subp>agraph 7,b7 t1 z det]m9$ by ! ,secret>y1 assumes ! f9ancial risks associat$ ) h>ve/+ fi% int5d$ = comm]ce4 7,b7 ,description ,an individual or entity is describ$ 9 ?is subp>agraph if ! individual or entity is-- 7i7 a citiz5 ( ! ,unit$ ,/ates2 7ii7 a p>tn]%ip ( citiz5s ( ! ,unit$ ,/ates2 or 7iii7 a corporation1 limit$ liability corporation1 or o!r organizational /ructure organiz$ "u ,/ate law4 7#b7 ,eligible f>m-rais$ fi% produc] ,! t]m eligible f>m-rais$ fi% produc] means an individual or entity describ$ "u p>agraph 7#a77;,b7 t1 z det]m9$ by ! ,secret>y1 assumes ! production & m>ket risks associat$ ) ! production ( fi% 9 a controll$ environm5t int5d$ = comm]ce4 7#c7 ,eligible loss ,! t]m eligible loss1 ) respect to a cal5d> ye>1 means :5 actual gross rev5ue associat$ ) comm]cial fi%+ or f>m-rais$ fi% production = su* cal5d> ye> is less ?an #he p]c5t ( ! av]age gross rev5ue = ! #c previ\s cal5d> ye>s4 7#d7 ,eligible loss condition ,! t]m eligible loss condition means a condition t result$ 9 eligible loss due to algae bloom1 fre%wat] intrusion1 adv]se wea!r1 bird depr$ation1 disease1 or o!r condition1 z det]m9$ by ! ,secret>y4 7#e7 ,fi% ,! t]m fi% includes-- 7,a7 %ellfi% 7includ+ oy/]s1 %rimp1 crawfi%1 & crab72 7,b7 f9fi% 7includ+ catfi%72 & 7,c7 any o!r species ( aquatic organism h>ve/$ ) ! int5t ( ent]+ comm]ce4 7#f7 ,v]ifiable records ,! t]m v]ifiable records means a docum5t provid$ by a comm]cial fi%]man or f>m-rais$ fi% produc] t reasonably supports1 & c be v]ifi$ & us$ to sub/antiate claim$ eligible loss1 includ+-- 7,a7 trip tickets or _! equival5ts1 su* z deal] =ms1 :i* %[ fi% h>ve/ volumes & sales prices2 7,b7 ,f$]al or ,/ate tax & f9ancial in=mation to id5tify compon5ts ( gross rev5ue d]iv$ f comm]cial fi%+ or f>m-rais$ fi% production2 or 7,c7 any o!r =m ( reliable record t reasonably supports ! eligible loss z well z ! av]age gross rev5ue = ! #c previ\s cal5d> ye>s4 7b7 ,supplem5tal rev5ue assi/ance program 7#a7 ,9 g5]al ,subject to ! availability ( funds1 ! ,secret>y %all use su* sums z are necess>y to provide comp5sation to eligible comm]cial fi%]m5 & eligible f>m-rais$ fi% produc]s t h incurr$ eligible losses1 bas$ on v]ifiable records1 due to eligible loss conditions4 7#b7 ,paym5t am\nt ,! am\nt ( ! comp5sation to be paid to an eligible comm]cial fi%]man or eligible f>m-rais$ fi% produc] "u p>agraph 7#a7 = an eligible loss = a cal5d> ye> %all be equal to ! diff]5ce betwe5-- 7,a7 #he p]c5t ( ! av]age gross rev5ue = ! #c previ\s cal5d> ye>s1 calculat$ by multiply+ ! av]age volume ( fi% h>ve/$ or produc$ by ! av]age fair m>ket value or price receiv$2 & 7,b7 ! actual total gross rev5ue receiv$ dur+ ! cal5d> ye> ( claim$ eligible loss4 7#c7 ,paym5t limitation ,! total am\nt ( comp5sation receiv$ by a p]son or entity 7exclud+ a jo9t v5ture or g5]al p>tn]%ip7 "u ?is section = a cal5d> ye> %all n exce$ #he p]c5t ( ! av]age gross rev5ue receiv$ dur+ ! #c previ\s cal5d> ye>s4 7#d7 ,application ,if eligible losses h occurr$ due to eligible loss conditions1 ! ,secret>y %all provide assi/ance "u ?is section :e!r or n a fi%]y res\rce disa/] det]m9ation has be5 made "u section #cab7;a74 7#e7 ,effective date ,comp5sation au?oriz$ "u ?is section %all apply to eligible losses suff]$ dur+ ! #bjai cal5d> ye> & ea* ye> !reaft]1 subject to ! availability ( funds4 4