A bill will be signed into law today declaring Honduran waters a sanctuary for sharks.

According to the New York Times, Honduran president Porfirio Lobo Sosa will sign a bill into law today that will establish a permanent moratorium on commercial shark fishing in Honduran waters. The new law will affect 92,665 square miles off of the Honduran coast (including both the Pacific and Caribbean coasts).

The Times reports that the bill will be signed on the island of Roatan, one of Honduras’ most popular diving destinations.