The new regs are needed, however, they're pretty weak.

Trawlers are still in business, which get a lot of bycatch (undesired or non-saleable species) when they make their runs.

Once a fish is caught, it doesn't do much good to dump it over the side, it's dead, particularly when you haul a fish up from 300+ feet of water.

Eliminate the trawlers, go back to longlining with biodegradable lines, and the stocks might get a chance to recover.

A running gripe in past years in the gulf of maine were a pair trawler operation which was officially going for herring (a midwater fish) which had more bycatch in cod and haddock (bottom feeders) than they had in herring on some runs (if you're catching cod and haddock your "midwater" trawl is about 150' too deep). The practice is now banned, but was supposed to be banned sooner, but someone put a setaside in the fisheries regs for those boats.