Fishing Industry Credit Enhancement Act of 2025

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Latest Action

Mar 31, 2025

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Actions (2)

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Type: IntroReferral | Source: Senate

Mar 31, 2025

Introduced in Senate

Type: IntroReferral | Source: Library of Congress | Code: 10000

Mar 31, 2025

Subjects (1)

Public Lands and Natural Resources (Policy Area)

Cosponsors (6)

Sen. Collins, Susan M. [R-ME]

(R-ME)
Apr 3, 2025

Sen. Blunt Rochester, Lisa [D-DE]

(D-DE)
Mar 31, 2025

Sen. Coons, Christopher A. [D-DE]

(D-DE)
Mar 31, 2025

Sen. Murkowski, Lisa [R-AK]

(R-AK)
Mar 31, 2025

Sen. Murphy, Christopher [D-CT]

(D-CT)
Mar 31, 2025

Sen. Sullivan, Dan [R-AK]

(R-AK)
Mar 31, 2025

Text Versions (1)

Introduced in Senate

Mar 31, 2025

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Full Bill Text

Length: 2,441 characters Version: Introduced in Senate Version Date: Mar 31, 2025 Last Updated: Nov 15, 2025 2:10 AM

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1217 Introduced in Senate

(IS) ]

<DOC>

119th CONGRESS
1st Session
S. 1217

To amend the Farm Credit Act of 1971 to support the commercial fishing
industry.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

March 31, 2025

Mr. King (for himself, Ms. Murkowski, Mr. Murphy, Mr. Coons, Ms. Blunt
Rochester, and Mr. Sullivan) introduced the following bill; which was
read twice and referred to the Committee on Agriculture, Nutrition, and
Forestry

_______________________________________________________________________

A BILL

To amend the Farm Credit Act of 1971 to support the commercial fishing
industry.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1.

This Act may be cited as the ``Fishing Industry Credit Enhancement
Act of 2025''.

SEC. 2.

PRODUCERS OR HARVESTERS OF AQUATIC PRODUCTS.

(a) Farm Credit Banks.--

(1) Eligibility for credit and financial services.--

Section 1.

amended--
(A) in paragraph

(2) , by striking ``or'' at the
end;
(B) by redesignating paragraph

(3) as paragraph

(4) ; and
(C) by inserting after paragraph

(2) the following:
``

(3) persons furnishing to producers or harvesters of
aquatic products services directly related to their operating
needs; or''.

(2) Purposes for extensions of credit.--

Section 1.

(c) (1) of the Farm Credit Act of 1971 (12 U.S.C. 2019
(c) (1) ) is
amended by inserting ``and to persons furnishing services
directly related to the operating needs of producers or
harvesters of aquatic products'' after ``needs''.

(b) Production Credit Associations.--

Section 2.

(a) of the Farm
Credit Act of 1971 (12 U.S.C. 2075

(a) ) is amended--

(1) in paragraph

(2) , by striking ``and'' at the end;

(2) in paragraph

(3) , by striking the period at the end and
inserting ``; and''; and

(3) by adding at the end the following:
``

(4) persons furnishing to producers or harvesters of
aquatic products services directly related to their operating
needs.''.
<all>

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1217 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1217

To amend the Farm Credit Act of 1971 to support the commercial fishing 
 industry.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 March 31, 2025

Mr. King (for himself, Ms. Murkowski, Mr. Murphy, Mr. Coons, Ms. Blunt 
 Rochester, and Mr. Sullivan) introduced the following bill; which was 
read twice and referred to the Committee on Agriculture, Nutrition, and 
 Forestry

_______________________________________________________________________

 A BILL

To amend the Farm Credit Act of 1971 to support the commercial fishing 
 industry.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Fishing Industry Credit Enhancement 
Act of 2025''.

SEC. 2. EXTENSION OF CREDIT TO BUSINESSES PROVIDING SERVICES TO 
 PRODUCERS OR HARVESTERS OF AQUATIC PRODUCTS.

    (a) Farm Credit Banks.--

    (1) Eligibility for credit and financial services.--

Section 1.9 of the Farm Credit Act of 1971 (12 U.S.C. 2017) is 
 amended--
        (A) in paragraph

    (2) , by striking ``or'' at the 
 end;
        (B) by redesignating paragraph

    (3) as paragraph

    (4) ; and
            (C) by inserting after paragraph

    (2) the following:
 ``

    (3) persons furnishing to producers or harvesters of 
 aquatic products services directly related to their operating 
 needs; or''.

    (2) Purposes for extensions of credit.--

Section 1.11
            (c) (1) of the Farm Credit Act of 1971 (12 U.S.C. 2019
            (c) (1) ) is 
 amended by inserting ``and to persons furnishing services 
 directly related to the operating needs of producers or 
 harvesters of aquatic products'' after ``needs''.

    (b) Production Credit Associations.--

Section 2.4

    (a) of the Farm 
Credit Act of 1971 (12 U.S.C. 2075

    (a) ) is amended--

    (1) in paragraph

    (2) , by striking ``and'' at the end;

    (2) in paragraph

    (3) , by striking the period at the end and 
 inserting ``; and''; and

    (3) by adding at the end the following:
 ``

    (4) persons furnishing to producers or harvesters of 
 aquatic products services directly related to their operating 
 needs.''.
 <all>

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119-s1217