The bill establishes a task force to address shark depredation issues, focusing on communication and coordination among fishery and shark research communities, identifying research priorities and funding opportunities, developing management strategies, and distributing educational materials. The task force is expected to submit reports to Congress every two years and will terminate after seven years. Additionally, the bill amends the Magnuson-Stevens Fishery Conservation and Management Act to include projects for better understanding and addressing shark depredation. The bill specifies that it won't affect authorities and responsibilities under the Endangered Species Act or the Magnuson-Stevens Act.