Statement of Commercial Fishermen and the North American Marine Alliance (NAMA) on Private Equity Firm Dominating Fisheries Access and Ownership

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To address this fisheries crisis, we need Congress to implement safeguards that prioritize fishery access for community-based fishermen instead of billion-dollar private equity firms.

The recent ProPublica investigative report, revealing how a billionaire Dutch family currently operates as the largest New England fish-quota owner, confirms what fishermen have been warning lawmakers for decades: that replacing independent fishermen with outside investment firms will undermine economic, social, and environmental goals. However, these warnings extend well beyond New England.​​​​​​