A new seafood traceability rule issued last month would increase processing costs from a low of $520 million (€489.6 million) per year to a high of more than $1 billion (€941.1 million) per year, according to a lawsuit filed by the National Fisheries Institute and several major seafood firms.
The lawsuit against the National Oceanic and Atmospheric Administration (NOAA) and other federal regulators alleges federal agencies violated several laws in rushing to pass the measure before President-elect Donald Trump takes office.
According
