Adds a new subsection (e) to 16 U.S.C. 1865 authorizing appropriations to carry out the bycatch reduction engineering program.

Adds a new section (322) to Title III (under the 1851 et seq. provisions) establishing the Bycatch Mitigation and Habitat Protection Assistance Fund administered by the National Fish and Wildlife Foundation, including permitted uses, donation authority, consultation requirements, and reporting requirements.