S 1217 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
Fishing Industry Credit Enhancement Act of 2025
To amend the Farm Credit Act of 1971 to support the commercial fishing industry.
Summary
This bill amends the Farm Credit Act of 1971 to extend credit eligibility to businesses that provide services to commercial fishing operations. Currently, the Farm Credit System provides credit primarily to agricultural producers; this bill expands that eligibility to include businesses furnishing services directly related to the operating needs of fishing producers and harvesters. The changes apply to both Farm Credit Banks and Production Credit Associations, allowing these entities to offer financial services to fishing-related service providers. This enables the existing Farm Credit System to support the commercial fishing industry in addition to traditional agriculture.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
8 cosponsors
Actions (2)
- Mar 31, 2025 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. · senate
- Mar 31, 2025 Introduced in Senate
More bills on these subjects (8)
Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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>
Comments