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119-s-1217119th CongressWALLET

Fishing Industry Credit Enhancement Act of 2025

Sponsored By: Senator King, Angus S., Jr. [I-ME]

Introduced

Summary

Expands Farm Credit eligibility to service providers for aquatic producers. This bill would amend the Farm Credit Act to let Farm Credit Banks and Production Credit Associations lend to people and entities that furnish services directly related to the operating needs of producers or harvesters of aquatic products. It also adds those service providers to the list of authorized borrowers and allows credit extensions for financing their activities.

Show full summary
  • Service providers: Companies and individuals that supply or service fishermen and aquaculture operators could borrow for operating needs through Farm Credit Banks and Production Credit Associations.
  • Producers and harvesters: Producers may gain steadier access to needed services because their vendors can finance operations that support production.
  • Farm Credit system: The bill broadens the pool of eligible borrowers without specifying new funding amounts or time limits.

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Bill Overview

Analyzed Economic Effects

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

Farm Credit loans for aquatic service businesses

If enacted, this bill would let Farm Credit Banks and Production Credit Associations lend to certain service businesses. These businesses must provide services to fish and shellfish producers tied to their operating needs. It would cover equipment, maintenance, processing, and similar operating services. The bill does not create new funding or dollar amounts.

Sponsors & CoSponsors

Sponsor

King, Angus S., Jr. [I-ME]

ME • I

Cosponsors

  • Sen. Murkowski, Lisa [R-AK]

    AK • R

    Sponsored 3/31/2025

  • Sen. Murphy, Christopher [D-CT]

    CT • D

    Sponsored 3/31/2025

  • Sen. Coons, Christopher A. [D-DE]

    DE • D

    Sponsored 3/31/2025

  • Sen. Blunt Rochester, Lisa [D-DE]

    DE • D

    Sponsored 3/31/2025

  • Sen. Sullivan, Dan [R-AK]

    AK • R

    Sponsored 3/31/2025

  • Sen. Collins, Susan M. [R-ME]

    ME • R

    Sponsored 4/3/2025

  • Sen. Ossoff, Jon [D-GA]

    GA • D

    Sponsored 12/18/2025

  • Sen. Hyde-Smith, Cindy [R-MS]

    MS • R

    Sponsored 12/3/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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