The bill aims to combat illegal, unreported, and unregulated (IUU) fishing and forced labor in the seafood industry. It establishes a "black list" of vessels engaged in IUU fishing, prohibits import of their seafood, and authorizes sanctions on individuals, entities, and vessels involved in IUU fishing. The bill emphasizes international collaboration, enhanced enforcement, sustainable fisheries management, and the prevention of forced labor in seafood production, with funding allocated for a comprehensive study on IUU fishing's impacts and response strategies. Specific roles for the Administrator and the Secretary, as well as regulations for list implementation, are outlined.