# 119-hr-10342: American Seafood Competitiveness Act of 2026

119-hr-10342, American Seafood Competitiveness Act of 2026, is a 119th Congress bill sponsored by Rep. Magaziner, Seth [D-RI-2] (D-RI); status introduced; PRIA reads it as touching household money (as of 2026-09-24).

- Canonical: https://policyrisk.com/legislation/119-hr-10342
- As of: 2026-09-24
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10342
- Congress: 119
- Title: American Seafood Competitiveness Act of 2026
- Status: introduced
- Introduced: 2026-09-10
- Sponsor: Rep. Magaziner, Seth [D-RI-2] (D-RI)
- Cosponsors: 0
- Policy area: Agriculture and Food
- Touches household money: yes
- Last recorded action: 2026-09-24

## Summary

**Expand USDA and Farm Credit financing to commercial fishing and fish processing.** This bill would bring wild-caught seafood, commercial fishing vessels, and fish processing facilities into existing USDA loan and grant programs so they can access capital for permits, vessels, facilities, and operating needs. - Commercial fishers and vessel owners would become eligible for Farm Ownership and Farm Operating loans. Loans for fishers would be limited to acquiring permits, buying vessels, making capital improvements, and covering vessel operating and maintenance costs. - Fish processors and processing facilities would be treated like farms for loan eligibility. They could get loans to acquire or improve processing facilities and to cover facility operating and maintenance costs. The Local Agriculture Market Program would add wild-caught fish and shellfish as eligible commodities and allow reduced matching funds for commercial fishing and processing participants. - Farm Credit Banks and Production Credit Associations would be allowed to serve businesses that provide services to aquatic producers and harvesters. The USDA would be required to integrate seafood industry participants into relevant programs within one year and coordinate outreach, technical assistance, and training with NOAA and other agencies.

## Provisions PRIA read

- Farm Credit loans for seafood services: benefit, medium. If enacted, Farm Credit Banks and Production Credit Associations would be allowed to lend to businesses that provide services directly to aquatic producers and harvesters. That would make service providers to fishers and seafood harvesters newly eligible for credit and financial services from the F…
- Local grants now include seafood: benefit, medium. If enacted, wild-caught fish would count as an eligible product for the Farmers' Market and Local Food Promotion Program. The bill would add domestic seafood marketing to the list of eligible activities. The Secretary of Agriculture would also be able to waive or reduce the grant matching requireme…
- USDA outreach to seafood industry: benefit, medium. If enacted, the Secretary of Agriculture would have to ensure commercial fishing industry participants are integrated into USDA programs within one year. The Department would provide outreach, technical assistance, staff training, and coordinate with NOAA and other Federal and State agencies to imp…
- New USDA loans for fishers: mixed, medium. If enacted, individuals and businesses that do commercial fishing or fish processing would be treated like farmers for USDA farm ownership and operating loans. A fishing vessel or a processing facility would count as a "farm," so fishers and processors would become eligible for those loans. The bil…

## Related bills

- 119-hr-7314: Advancing Commonsense Policies Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7315: Advancing Policy Priorities Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act
- 119-hr-2945: Housing for All Act of 2025

## Sources
- [119-hr-10342 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10342)

## Related
- [119-hr-7314: Advancing Commonsense Policies Act](https://policyrisk.com/legislation/119-hr-7314)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7315: Advancing Policy Priorities Act](https://policyrisk.com/legislation/119-hr-7315)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-2945: Housing for All Act of 2025](https://policyrisk.com/legislation/119-hr-2945)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10342 (as of 2026-09-24).