Cooperative Hake Improvement and Conservation Act

[AI summary unavailable — showing source text] Cooperative Hake Improvement and Conservation Act - Establishes a program of market-based incentives for management and conservation of Pacific whiting fisheries. Provides for the issuance of Pacific groundfish trawl limited entry permits and processor permits to qualified fishermen and qualified processors, respectively. Directs the Secretary of Commerce to allocate, based on a specified formula, the allowable cooperative shares of Pacific whiting that: (1) can be harvested by each qualified fisherman who owns a Pacific groundfish trawl limited entry permit issued under the Pacific Coast Groundfish Fishery Management Plan; and (2) can be purchased by a qualified processor. Requires the on-shore allocation (that amount of the U.S. catch level required under a Plan to be delivered to processors located on shore in the states of California, Oregon, or Washington) to be divided so that: (1) an amount sufficient to account for the incidental commercial or recreational catch of Pacific whiting in fisheries other than the Pacific whiting fishery, but not to exceed 1% of the on-shore allocation, is available for harvest by any person eligible to harvest Pacific whiting; and (2) after subt…