In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Flexibility in Rebuilding American
Fisheries Act of 2008''.

SEC. 2. EXTENSION OF TIME PERIOD FOR REBUILDING CERTAIN OVERFISHED
FISHERIES.

Section 304(e) of the Magnuson-Stevens Fishery Conservation and
Management Act (16 U.S.C. 1854(e)(4)) is amended--
(1) in paragraph (4)(A)--
(A) in clause (i) by striking ''possible'' and
inserting ''practicable''; and
(B) by amending clause (ii) to read as follows:
''(ii) not exceed 10 years, except in cases
where--
''(I) the biology of the stock of
fish, other environmental conditions,
or management measures under an
international agreement in which the
United States participates dictate
otherwise;
''(II) the Secretary determines
that such 10-year period should be
extended because the cause of the
fishery decline is outside the
jurisdiction of the Council or the
rebuilding program cannot be effective
only by limiting fishing activities;
''(III) the Secretary determines
that such 10-year period should be
extended to provide for the sustained
participation of fishing communities or
to minimize the economic impacts on
such communities, provided that there
is evidence that the stock of fish is
on a positive rebuilding trend;
''(IV) the Secretary determines
that such 10-year period should be
extended for one or more stocks of fish
of a multi-species fishery, provided
that there is evidence that those
stocks are on a positive rebuilding
trend;
''(V) the Secretary determines that
such 10-year period should be extended
because of a substantial change to the
biomass rebuilding target for the stock
of fish concerned after the rebuilding
plan has taken effect; or
''(VI) the Secretary determines
that such 10-year period should be
extended because the biomass rebuilding
target exceeds the highest abundance of
the stock of fish in the 25-year period
preceding and there is evidence that
the stock is on a positive rebuilding
trend;''; or
(2) in paragraph (7), in the matter preceding subparagraph
(A), by inserting after the first sentence the following: ''In
evaluating progress to end overfishing and to rebuild
overfished stocks of fish, the Secretary shall review factors,
other than commercial fishing and recreational fishing, that
may contribute to a stock of fish's overfished status, such as
commercial, residential, and industrial development of, or
agricultural activity in, coastal areas and their impact on the
marine environment, predator/prey relationships of target and
related species, and other environmental and ecological changes
to the marine conditions.''; and
(3) by adding at the end the following:
''(8) If the Secretary determines that extended rebuilding
time is warranted under subclause (III), (IV), (V), or (VI) of
paragraph (4)(A)(ii), the maximum time allowed for rebuilding
the stock of fish concerned may not exceed the sum of the
following time periods:
''(A) The initial 10-year rebuilding period.
''(B) The expected time to rebuild the stock absent
any fishing mortality and under prevailing
environmental conditions.
''(C) The mean generation time of the stock.
''(9) In this subsection the term 'on a positive rebuilding
trend' means that the biomass of the stock of fish has shown a
substantial increase in abundance since the implementation of
the rebuilding plan.''.
A:
Flexibility in Rebuilding American Fisheries Act of 2008 - Amends the Magnuson-Stevens Fishery Conservation and Management Act to require fishery management plans, amendments, or regulations for overfished fisheries to specify a time period for ending overfishing and rebuilding the fishery that is as short as practicable (currently, as short as possible). Modifies the exceptions to the requirement that such period not exceed ten years.

Requires consideration, in evaluating progress to end overfishing and rebuild overfished stocks, of factors other than commercial and recreational fishing.

Requires, when the Secretary of Commerce extends the period under specified provisions, that the maximum rebuilding time not exceed the sum of the initial ten-year period, the expected time to rebuild the stock absent any fishing mortality and under prevailing environmental conditions, and the mean generation time of the stock.