On November 16, 2012, officials from the Department of Commerce declared a fishery resource disaster in New Jersey and New York.
Under Section 308(d) of the Interjurisdictional Fisheries Act and Section 315 of the Magnuson-Stevens Fishery Conservation and Management Act, the Commerce Secretary can declare a fishery resource disaster and a catastrophic regional fishery disaster, respectively, which allows Congress to appropriate federal relief funds for assistance to alleviate harm resulting from a natural disaster.
If money is appropriated, financial assistance plans will be developed to help the fishing industry and coastal communities.
In 2010, New Jersey and New York commercial fisheries landed almost 190 million pounds of fish, valued at more than $210 million dollars.
source: NOAA Fisheries