The Magnuson Fisheries Conservation and Management Act of 1976 had extended the exclusive U.S. fishing zone to 200 miles offshore and set up as regul… - Mark Kurlansky

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The Magnuson Fisheries Conservation and Management Act of 1976 had extended the exclusive U.S. fishing zone to 200 miles offshore and set up as regulators regional fishery management councils dominated by fishing interests. Fishermen never had been good regulators, but they were virtually encouraged not to be by loan guarantees and other financial incentives that led to a massive growth in the U.S. fishing fleet. In 1994, when the National Marine Fisheries Service counted fish stocks, it concluded that the fleet was about twice as large as the fish stocks could sustain.