May 1, 2020 — The $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress and signed by the president on March 25 set aside $300 million in COVID-19 relief funding to help the nation’s fishing community. Members of the recreational and commercial fishing industry can qualify for funding if they’ve lost 35% of their revenue compared to a previous 5-year average.
Yet more than month since the cash was made available, New Jersey Governor Phil Murphy and all 14 New Jersey members of Congress, are still waiting to see how and when these funds are to be dispersed in the areas hardest hit by the global pandemic.
On April 23, the New Jersey congressional delegation sent a letter to the U.S. Department of Commerce (Commerce) and the federal Office of Management and Budget (OMB) concerning the $300 million in fisheries assistance made available through the CARES Act. The letter addressed to Commerce Secretary Wilbur Ross and OMB Acting Director Russell T. Vought seeks a transparent distribution methodology that accounts for the economic devastation wrought by the COVID19 pandemic in the hardest hit states like New Jersey, and the execution of the disbursed funds as soon as possible.