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HR2518119th CongressWALLET

Fishing Industry Credit Enhancement Act of 2025

Sponsored By: Representative Rep. Pingree, Chellie [D-ME-1]

In Committee

Summary

Expands Farm Credit lending to businesses that directly support commercial fishing. This bill would add persons and companies that furnish services directly related to the operating needs of aquatic-product producers and harvesters to the list of eligible borrowers for Farm Credit Banks and Production Credit Associations.

Show full summary
  • Service providers that support aquatic-product producers and harvesters would be eligible to receive credit and other financial services from Farm Credit Banks and Production Credit Associations. This broadens who can get lending under existing Farm Credit Act authority.
  • Producers and harvesters could benefit indirectly because the businesses that supply and serve them would have broader access to capital, which can support operating activities across the seafood supply chain.
  • The Farm Credit system would see an expanded statutory borrower category through targeted amendments to sections of the Farm Credit Act, clarifying lending purposes for these service providers.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Farm Credit loans for fishing services

If enacted, Farm Credit Banks and Production Credit Associations could lend to businesses that serve fish and other aquatic producers. Borrowers would need to provide services directly tied to day‑to‑day operating needs of producers or harvesters of aquatic products. This would expand who can borrow under current Farm Credit rules, without creating new funding. Changes would take effect upon enactment.

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Sponsors & CoSponsors

Sponsor

Rep. Pingree, Chellie [D-ME-1]

ME • D

Cosponsors

  • Rep. Higgins, Clay [R-LA-3]

    LA • R

    Sponsored 3/31/2025

  • Rep. Tokuda, Jill N. [D-HI-2]

    HI • D

    Sponsored 3/31/2025

  • Rep. Harder, Josh [D-CA-9]

    CA • D

    Sponsored 3/31/2025

  • Gray

    CA • D

    Sponsored 10/8/2025

  • Rep. Case, Ed [D-HI-1]

    HI • D

    Sponsored 11/17/2025

  • Rep. McClellan, Jennifer L. [D-VA-4]

    VA • D

    Sponsored 1/7/2026

Roll Call Votes

No roll call votes available for this bill.

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