H.R. 2518
IntroducedFishing Industry Credit Enhancement Act of 2025
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Full text of the bill
Official source on Congress.gov ↗[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2518 Introduced in House (IH)]
<DOC>
119th CONGRESS 1st Session H. R. 2518
To amend the Farm Credit Act of 1971 to support the commercial fishing industry.
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IN THE HOUSE OF REPRESENTATIVES
March 31, 2025
Ms. Pingree (for herself, Mr. Higgins of Louisiana, Ms. Tokuda, and Mr. Harder of California) introduced the following bill; which was referred to the Committee on Agriculture
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A BILL
To amend the Farm Credit Act of 1971 to support the commercial fishing industry.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Fishing Industry Credit Enhancement Act of 2025''.
SEC. 2. EXTENSION OF CREDIT TO BUSINESSES PROVIDING SERVICES TO PRODUCERS OR HARVESTERS OF AQUATIC PRODUCTS.
(a) Farm Credit Banks.--
(1) Eligibility for credit and financial services.--Section 1.9 of the Farm Credit Act of 1971 (12 U.S.C. 2017) is amended--
(A) in paragraph (2), by striking ``or'' at the end;
(B) by redesignating paragraph (3) as paragraph
(4); and
(C) by inserting after paragraph (2) the following:
``(3) persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs; or''.
(2) Purposes for extensions of credit.--Section 1.11(c)(1) of the Farm Credit Act of 1971 (12 U.S.C. 2019(c)(1)) is amended by inserting ``and to persons furnishing services directly related to the operating needs of producers or harvesters of aquatic products'' after ``needs''.
(b) Production Credit Associations.--Section 2.4(a) of the Farm Credit Act of 1971 (12 U.S.C. 2075(a)) is amended--
(1) in paragraph (2), by striking ``and'' at the end;
(2) in paragraph (3), by striking the period at the end and inserting ``; and''; and
(3) by adding at the end the following:
``(4) persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs.''. <all>