Atlantic Highly Migratory Species Conservation Act of 1999

[AI summary unavailable — showing source text] Atlantic Highly Migratory Species Conservation Act of 1999 - Prohibits any person from engaging in pelagic longline fishing in the: (1) Atlantic Conservation Zone for Highly Migratory Species (HMS); (2) Gulf of Mexico Conservation Zone for Swordfish from January 1 through Memorial Day; and (3) Gulf of Mexico Conservation Zone for HMS from Memorial Day through Labor Day for the next four years. Provides the geographic coordinates for each Zone. Makes such restrictions inapplicable to longline fishery research authorized by the Secretary of Commerce. (Sec. 7) Directs the Secretary to conduct a voluntary Pelagic Longline Vessel Permit Holder Compensation Program, under which vessels prohibited from engaging in such fishing are compensated for fish catch losses. Identifies eligible vessels. Terminates vessel eligibility if the vessel or any Federal fishing permit or license applicable to that vessel is transferred to a different person after November 10, 1999. Requires notification of each eligible permit holder. Provides a compensation (buyout) amount of $125,000 plus either: (1) zero for any eligible holder that did not report any landings (catches) of HMS for the period between Janu…