Bill · H.R. 2518· House(119-HR-2518)
Fishing Industry Credit Enhancement Act of 2025
- Introduced
- 3/31/2025
- Last activity
- 4/18/2025 — Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- Sponsored by
- Chellie Pingree
- Cosponsors
- - 5 - 1
- Introduced
- In Committee
What this bill would do
This bill, titled the "Fishing Industry Credit Enhancement Act of 2025," seeks to amend the Farm Credit Act of 1971. The primary goal is to provide more support to the commercial fishing industry. It achieves this by expanding the eligibility for credit and financial services. Specifically, it allows credit to be extended to people who provide services directly related to the operating needs of those harvesting aquatic products. This change applies to Farm Credit Banks and Production Credit Associations.
Yes· 3 of 6
Would business owners be better off under this?+5
The bill provides direct financial support and credit access to businesses operating within the commercial fishing supply chain.
Does this make it easier to run a small business?+5
The bill enhances support for small businesses that provide essential services to the commercial fishing industry by expanding their access to credit.
Would farmers be better off under this?+4
By expanding the scope of the Farm Credit Act to include aquatic harvesters and their service providers, it aligns commercial fishing more closely with traditional agricultural credit structures.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Expanded Credit Access for Service Providers: By amending Section 1.9 of the Farm Credit Act of 1971, the bill allows persons furnishing services directly related to the operating needs of producers or harvesters of aquatic products to become eligible for credit and financial services. This could provide essential financial tools to businesses that support the fishing industry.
-
Enhanced Support for Operating Needs: The amendment to Section 1.11(c)(1) of the Farm Credit Act of 1971 allows for extensions of credit specifically to those furnishing services related to the operating needs of aquatic product harvesters. This provides a mechanism to support the broader supply chain of the commercial fishing industry.
-
Increased Eligibility through Production Credit Associations: Under Section 2.4(a), the bill expands the scope of Production Credit Associations to include persons furnishing services directly related to the operating needs of producers or harvesters of aquatic products. This could increase the availability of specialized credit for those serving the fishing industry.
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For Farmers+4Good For Rural Residents+3
- Economy And Finance
- Improves Small Business Support+5Improves Economic Growth+3Increases Job Creation+3
- 1/7/2026
- 1 Cosponsor added.
- 11/17/2025
- 1 Cosponsor added.
- 10/8/2025
- 1 Cosponsor added.
- 4/18/2025
- Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- 3/31/2025
- Referred to the House Committee on Agriculture.
- 3 Cosponsors added.
- Introduced in House
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Ed CaseDemocrat · Hawaii
Adam GrayDemocrat · California
Clay HigginsRepublican · Louisiana
Josh HarderDemocrat · California
Jennifer McClellanDemocrat · Virginia
Jill TokudaDemocrat · Hawaii