A bill to establish a contiguous fishery zone of the United States beyond its territorial seas at a distance of 200 miles or the length of the Continental Shelf, whichever is greater.

Establishes a contingous fishery zone (197 mile limit or the outer limit of the Continental Shelf, whichever is greater) beyond the territorial sea of the United States. States that the United States shall exercise the same exclusive rights in respect to fisheries in the zone as it has in its territorial sea, subject to the continuation of traditional fishing by foreign states within this zone as may be recognized by the United States.

Authorizes the Secretary of State, in cooperation with the Secretary of the Interior, and in consultation with the affected foreign countries, to determine the extent to which foreign fisheries may be permitted to operate within the zone, including manner, species, and allowable annual catch.