# 119-hr-7350: Fishing Vessel Financing Improvement Act of 2026

119-hr-7350, Fishing Vessel Financing Improvement Act of 2026, is a 119th Congress bill sponsored by Rep. Begich, Nicholas J. [R-AK-At Large] (R-AK); status introduced; PRIA reads it as touching household money (as of 2026-06-25).

- Canonical: https://policyrisk.com/legislation/119-hr-7350
- As of: 2026-06-25
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7350
- Congress: 119
- Title: Fishing Vessel Financing Improvement Act of 2026
- Status: introduced
- Introduced: 2026-02-04
- Sponsor: Rep. Begich, Nicholas J. [R-AK-At Large] (R-AK)
- Cosponsors: 1
- Policy area: Transportation and Public Works
- Touches household money: yes
- Last recorded action: 2026-06-25

## Summary

**This bill would** expand and modernize a federal loan program to make **used fishing vessels and seafood-related trade activities** eligible for direct loans and guarantees, and it would add conservation checks and new financing limits to how those loans are made. - Fishermen and vessel owners would get wider access to federal financing. The program would explicitly cover used fishing vessels, add a 2-year eligibility window for certain vessels over 79 feet built after January 1, 2021, and cap guaranteed principal at 87.5 percent of a vessel's actual or depreciated cost. - Seafood businesses and trades could tap the program for a broader set of purposes. The bill would add support for activities "in the fishing industry or seafood related trade," widening what obligations the Secretary or Administrator can back. - Fisheries managers and conservation advocates would gain a new check on lending. The Administrator could not guarantee obligations that the Secretary finds inconsistent with the wise use and conservation goals of the Magnuson-Stevens Fishery Conservation and Management Act.

## Cosponsors (1)

- Rep. Larsen, Rick [D-WA-2] (D-WA), 2026-02-04T00:00:00.000Z

## Provisions PRIA read

- Fishing vessel loan guarantee changes: mixed, high. This bill would change who can get federal loan guarantees for fishing vessels and related facilities. It would let used fishing vessels and seafood-related trade loans be eligible, and allow refinancing as well as new construction. The Administrator's guarantee for a fishing vessel would be capped…

## Related bills

- 119-hr-4275: Coast Guard Authorization Act of 2025
- 119-hr-8870: BUILD America 250 Act
- 119-hr-4669: FEMA Act of 2025
- 119-hr-9497: Water Resources Development Act of 2026
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7613: ALERT Act

## Sources
- [119-hr-7350 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7350)

## Related
- [119-hr-4275: Coast Guard Authorization Act of 2025](https://policyrisk.com/legislation/119-hr-4275)
- [119-hr-8870: BUILD America 250 Act](https://policyrisk.com/legislation/119-hr-8870)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-9497: Water Resources Development Act of 2026](https://policyrisk.com/legislation/119-hr-9497)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-7613: ALERT Act](https://policyrisk.com/legislation/119-hr-7613)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7350 (as of 2026-06-25).