Adds a new subsection (e) to 16 U.S.C. 1865 authorizing appropriations of $4,000,000 for each of fiscal years 2027 through 2031 to carry out the bycatch reduction engineering program.

Adds a new section (numbered 322) to Title III establishing the Bycatch Mitigation and Habitat Protection Assistance Fund, including fund establishment, administration by the National Fish and Wildlife Foundation, permitted uses, solicitation and acceptance of donations, required consultation with NOAA/NMFS/Councils/regional science centers, reporting requirements, and definitions.