A bill to establish a contiguous fishery zone (to the outer limits of the Continental Shelf) beyond the territorial sea of the United States.

Establishes a contiguous fishery zone (to the outer limits of the Continental Shelf) beyond the territorial sea of the United States, in which the United States shall exercise exclusive rights 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, together 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 the manner, species, and allowable with catch.

Prescribes a fine of not more than $100,000, or imprisonment up to one year, or both, for violation of the provisions of this Act. Requires forfeiture of all equipment and fish for a violation of this Act.

Defines terms for purposes of this Act.