Regulations and Compliance

Many federal and state government regulations affect the marine industry. Trade Only follows developments as companies strive to operate in compliance with the rules.

Unemployment rate at 9.7 percent

The unemployment rate fell from 10 percent in December to 9.7 percent in January, the U.S. Bureau of Labor Statistics reported Friday. Employment dipped in construction, transportation and warehousing, while temporary help services and retail trade added jobs. In January, the number of unemployed decreased to 14.8 million. Click here for the full report.

NMMA calls on Obama to clarify remarks about buying boats

The National Marine Manufacturers Association called on President Barack Obama to clarify his remarks made Tuesday in Nashua, N.H., that associated purchasing a boat with irresponsible spending. The President made this off-the-cuff remark at a town hall event announcing his new Small Business Lending Initiative. The President has already apologized to Las Vegas for similar…more

Obama takes heat for boat-buying comment

During a speech Tuesday in New Hampshire, President Barack Obama made some comments about fiscal responsibility that have riled some in the boating industry and Las Vegas. “This isn’t how responsible families do their budgets,” Obama said. “When times are tough, you tighten your belts. You don’t go buying a boat when you can barely…more

Groups seeks joint effort to fight fishing ban

The Southern Kingfish Association is calling on its members, tackle manufacturers and the boating and fishing communities to speak out against the closure of certain fishing areas to recreational boaters and anglers. Recently the National Marine Fisheries Service and the South Atlantic Fishery Management Council told fishermen they were “required by law” to close all…more

Group advocates quota increase for black sea bass

The Mid-Atlantic Fishery Management Council recently recommended an increase in the 2010 black sea bass quota. “The [council]… agreed by consensus to increase its [acceptable biological catch] recommendation for black sea bass for 2010 to 4.5 million pounds – a 1.79 million pound increase in ABC for the 2010 black sea bass fishery,” the group…more

Orca whale restrictions are delayed

Proposed federal rules to protect endangered Puget Sound orca whales by restricting how close recreational and commercial boats can get to them will not go into effect this year, as expected. The National Oceanic and Atmospheric Administration extended the public comment period from its original closing date in October to Jan. 15, according to the…more

Unemployment unchanged at 10 percent

The unemployment rate for December remained flat at 10 percent, according to the U.S. Labor Department. The December payroll number was worse than forecast as non-farm payrolls fell by 85,000 last month, compared with a revised 4,000 gain in November. Even though the payroll number was worse than expected, the data reflects an improvement in…more

Homeland Security boating funds outlined

In the Dec. 18 Federal Register, the Department of Homeland Security outlined spending on recreational boating safety projects, programs and activities. These programs were funded under the Provisions of the Transportation Equity Act for the 21st Century. The law makes $5.5 million available for these programs. Expenditures included $789,019 for the Recreational Boating Safety Outreach…more

SBA provisions extended to February

The Senate voted this week to extend funding for certain SBA Recovery Act provisions through February. “Small businesses have been left in limbo since the funding ran out in late November. [This] action by the Senate will immediately clear the waiting list established by the SBA and will provide a lifeline to small businesses in…more

Obama to urge bankers to lend more

President Obama is expected to tell bankers today that they need to start lending money again. “He’s going to have a serious talk with the bankers,” National Economic Council director Larry Summers said on ABC’s This Week. “The country did incredible things for the banking industry. Those things had to be done to save the…more

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