To amend the Magnuson-Stevens Fishery Conservation and Management Act to authorize the Secretary of Commerce to establish a regional economic transition program to provide immediate disaster relief assistance to the fishermen, charter fishing operators, United States fish processors, and owners of related fishery infrastructure affected by a catastrophic regional fishery disaster, and for other purposes.

H.R. 5447 would allow the Secretary of Commerce to create a specialized economic transition program to provide immediate financial relief following a major regional fishery disaster. This assistance would be available to a wide range of industry participants, including commercial fishermen, charter boat operators, fish processors, and owners of essential fishing infrastructure. By streamlining the delivery of aid, the bill aims to help coastal communities and local businesses recover more quickly from the economic devastation caused by catastrophic events like hurricanes or sudden environmental shifts.