December 7, 2020 — Almost exactly seven months after USD 300 million (EUR 247 million) in funds were released to U.S. fisheries through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), over one-third of the money slated for distribution hasn’t even had its method of distribution decided on.
The funds, released on 7 May, were announced by the U.S. Secretary of Commerce for disbursement in state-by-state amounts. The funds were to be distributed through NOAA, with each state charged with creating and executing its own individual spend plan.