National Fishery Development Act

[AI summary unavailable — showing source text] National Fishery Development Act - Amends the Act of August 11, 1939, to require the Secretary of Agriculture to transfer moneys made available to encourage exportation and domestic consumption of agriculture products to the Secretary of Commerce in amounts equal to 30 percent of the gross receipts from duties collected under custom laws on fishery products. Declares that such funds shall be maintained in a separate fund and used by the Secretary of Commerce to carry out a national program of fisheries research and development which promotes the free flow of domestically produced fishery products in domestic and international commerce by conducting fishery educational, technological, biological, and related research programs, and to provide financial assistance for fisheries development projects. Allows any person, regional fishery development foundation, or organization involved with the commercial fishing industry to make application to the Secretary of Commerce for such funds. Requires the person or organization obtaining such funds to submit periodic project status reports to the Secretary. Requires the Secretary of Commerce to include as part of the annual report to the Nation…