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In a David versus Goliath matchup, the Supreme Court will hear a set of arguments on Wednesday over a Commerce Department regulation, through the National Oceanic and Atmospheric Administration (NOAA), that could sink the fishing industry in the United Sates.

Last year, a group of fishermen from New Jersey petitioned the Supreme Court to consider their lawsuit against the NOAA, which required their boats to pay roughly $700 a day to fund the salary of a human "at-sea" monitor for each expedition to ensure compliance of fishing laws.

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