American Fisheries Advisory Committee Act This bill amends the Saltonstall-Kennedy Act to direct the National Oceanic and Atmospheric Administration (NOAA) to establish the American Fisheries Advisory Committee. NOAA must establish five regions within the committee. The committee must consist of members chosen regionally and across all sectors of the fishing industry. Additionally, the committee must: (1) identify the needs of the fishing industry, (2) develop grant proposals to fund projects that address the industry needs, (3) review grant applications, and (4) provide NOAA with grant applicants for approval. NOAA must not approve a grant application unless the application is selected for funding by the committee.