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Entrepreneur's efforts sunk by regulations

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    Fish farm forced to foreign waters

  • Duration 2:39
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Let's talk regulations is being called the farm in the future but this food supply doesn't come from when it comes from the ocean.

Unfortunately an entrepreneur is planned to bring his deep water fish farm -- you're looking at right there to the United States.

Into our shores to help boost our nation's seafood supply and economy has been US federal regulations.

And now he's being forced to shift his operation somewhere else we'll tell -- where.

In a moment so why are we driving businesses oversee the way.

That we've done with the oil industry -- right now is bill president he has picked.

Fellow at the Competitive Enterprise Institute a nonpartisan group that studies the economic impact of federal regulations bill thanks for joining us today from Boston.

-- -- OK so this this guy by the name of Bob -- -- came up with.

Open blue.

And what it is it's a fish farm that he's figured a way to take the nets out into the middle of the ocean released when he miles out in the ocean and do what.

But what he's able to do.

Fish farming in a way that satisfies three important groups one is the food these people who really understand the takes a while fish prefer to have fish raised an open ocean.

Seconds -- environmentalists coastal fish farms are -- associate with a number of environmental problems.

Putting it out and deep water washes away all the -- sufficient numbers from this in the same -- twice.

But most importantly he's made it economically viable.

And that means -- can scale this up and be part of a major movement in in fish farm supply which is important because the -- -- catches dwindling.

You know what bill it is absolutely brilliant and yet he can't do it.

Off the shores the United States because of all our regulations instead he's going to -- a law.

Why I think anybody he's very pragmatic about it here's the problem if you wanted to started deep water fish -- the United States.

You need permission from the Environmental Protection Agency.

The Fish and Wildlife Service to Army Corps of Engineers the Food and Drug Administration the National Oceanic and Atmospheric Administration you have to comply with the Magnuson Stevens the -- fishery act you've got to comply with the Jones act OSHA rules.

You -- make the original fishing boat fishery management council happy and you got -- -- -- all the state agencies -- with historic preservation and tourism.

It's been intractable problems a -- He found he found Panama a lot more reason to do with that what's the moral of the story.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- The Boston bill thanks very much for tell the story it's free thank you invent.

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