Revises law establishing individual transferable quota system for menhaden purse seine fishery.

This bill revises New Jersey's menhaden purse seine fishery quota system by changing the historical data period used to calculate individual transferable quotas (ITQs) from 2014-2018 to 2011-2018, extending the calculation window from five to eight years. It directly affects commercial fishing vessels holding a Menhaden Landing License for purse seine fishing, as their initial quota share will now be based on a longer average of past landings. The bill also specifies that if enacted during an open fishing season, vessels that haven't harvested their full quota will follow the new ITQ rules for the remainder of that season. This change aims to provide a more stable baseline for quota distribution under the existing framework.