Pacific Halibut Fisheries; Catch Sharing Plan; Modify Pacific Halibut Individual Fishing Quota (IFQ) Vessel Use Caps in IFQ Regulatory Areas 4A, 4B, 4C, 4D, and 4E

NMFS proposes regulations to modify the Pacific halibut (halibut) Individual Fishing Quota (IFQ) Program to revise vessel harvest limitations for IFQ halibut harvested in IFQ regulatory Areas (Areas) 4A, 4B, 4C, 4D, and 4E by establishing a vessel harvest limit of five percent of the total annual commercial catch limit across Areas 4A, 4B, 4C, 4D, and 4E. This action would also exclude IFQ halibut harvest derived from quota held by a Community Quota Entity (CQE) in Area 4B from accruing under the proposed five percent vessel harvest limit across Areas 4A, 4B, 4C, 4D, and 4E. This action would provide additional flexibility for halibut IFQ Program fishery participants in Areas 4A, 4B, 4C, 4D, and 4E, where fishery conditions continue to be challenging. This action would promote the goals and objectives of the IFQ Program, the Northern Pacific Halibut Act of 1982 (Halibut Act), and other applicable laws.