American Seafood Competitiveness Act of 2026
Sponsored By: Senator Lisa Murkowski
Introduced
Summary
Expand USDA credit and marketing programs to the commercial seafood sector. This bill would amend farm and Farm Credit laws so commercial fishers, fish processors, and related service businesses can use USDA loans, grants, and Farm Credit support.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
USDA loans for seafood businesses
If enacted, the Agriculture Department would treat commercial fishers and fish processors as "farmers" for USDA direct and guaranteed farm loans. You would be able to apply for farm ownership and operating loans if your business is engaged in commercial fishing or fish processing. Ownership loans would be allowed to buy commercial fishing permits, buy commercial fishing vessels, or make capital improvements to vessels or processing facilities. Operating loans would be allowed to pay to operate and maintain fishing vessels and fish processing facilities. The bill would add definitions for key terms and require the Secretary to do outreach and coordinate with NOAA within one year to integrate these businesses into USDA programs.
Farm Credit for seafood suppliers
If enacted, Farm Credit Banks and Production Credit Associations would be allowed to lend to businesses that furnish services directly related to the operating needs of aquatic producers and harvesters. This would let service providers who support fishing and mariculture access Farm Credit loans and related services. The change would take effect upon enactment.
Local grants cover wild seafood
If enacted, the Farmers' Market and Local Food Promotion Program would include wild-caught fish and shellfish as eligible commodities. Domestic seafood marketing would be an eligible activity under the program. The Secretary could waive or reduce matching fund requirements for grant recipients engaged in commercial fishing or fish processing. These changes would take effect upon enactment.
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Sponsors & CoSponsors
Sponsor
Lisa Murkowski
AK • R
Cosponsors
Angus King
ME • I
Sponsored 3/26/2026
Dan Sullivan
AK • R
Sponsored 3/26/2026
Jeff Merkley
OR • D
Sponsored 3/26/2026
Susan Collins
ME • R
Sponsored 3/26/2026
Roll Call Votes
No roll call votes available for this bill.
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