The purpose of this legislation is to update the Magnuson-Stevens Fishery Conservation and Management Act to allow for economic factors as a valid reason to declare a fishery resource disaster. This change aims to better address the challenges faced by fisheries, particularly those impacted by foreign activities that disrupt market conditions. Key provisions of the legislation include the definition of "economic cause," which refers to actions by foreign entities that distort fishery markets, disrupt sustainable harvesting, or threaten the economic viability of fisheries.