Includes whereas clauses. Requires the the Fisheries Director, the Marine Fisheries Commission (Commission), and the Division of Marine Fisheries of the Department of Environmental Quality (Division) to: (1) issue proclamations and undertake amendments to the fishery management plan for summer flounder and red snapper to allow an annual recreational season between May 15 and July 31, with a limit of one fish or more per person per day, and no seasonal limit (specifies that all other size and manner of take limits continue to apply to the summer flounder and red snapper fisheries); and (2) revise any regulations, guidelines, or policies regarding the catch and release fishery so that flounder and red snapper caught and released by recreational fishermen will not be counted towards catch limits or quotas set by the Division or the Commission. Requires the Division to report annual to the specified NCGA committees, including an assessment of progress in conserving summer flounder and red snapper populations and an estimate of the time line for the Division to be able to increase the daily creel limit above one fish per day for the red snapper and summer flounder fisheries. Expires August 1, 2029.