Requires the Secretary of Commerce's strategic plan to be developed at least every four years and integrate with the strategic plans of the Department of Commerce and of NOAA. Requires the Secretary to strive for equal access for minority and economically disadvantaged students to the graduate and post-graduate fellowship program.
Revises and expands the terms of membership for the sea grant review panel.
Authorizes appropriations for: (1) FY 2004 through 2008; and (2) competitive research grants concerning zebra mussels, oysters, harmful algal blooms, and additional support to the fisheries extension program. Limits the percentage of funds available for administration.