What does Preamble of Fishing Industry Credit Enhancement Act of 2025 do?

This bill proposes to amend the Farm Credit Act of 1971. The stated purpose of the bill is to support the commercial fishing industry.

What does SHORT TITLE. of Fishing Industry Credit Enhancement Act of 2025 do?

This bill is formally titled the Fishing Industry Credit Enhancement Act of 2025.

What does EXTENSION OF CREDIT TO BUSINESSES PROVIDING SERVICES TO of Fishing Industry Credit Enhancement Act of 2025 do?

This section amends the Farm Credit Act of 1971 to extend credit eligibility to persons furnishing services directly related to the operating needs of producers or harvesters of aquatic products. Section 1.9 of the Farm Credit Act is amended to include this new category of eligible recipients. Section 1.11(c)(1) of the Farm Credit Act is amended to allow extensions of credit to these service providers. Section 2.4(a) of the Farm Credit Act is also amended to include persons furnishing services to aquatic product producers or harvesters.

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Fishing Industry Credit Enhancement Act of 2025

Last updated: 4/18/2025 · Introduced: 3/31/2025

Author: Chellie Pingree (D-ME)

TL;DR (AI)

This bill amends the Farm Credit Act of 1971 to expand credit eligibility to businesses providing services directly related to the commercial fishing industry.
The legislation allows extensions of credit to service providers supporting aquatic product producers and harvesters.
This Act aims to support the commercial fishing industry by broadening access to financial credit.

119th Congressin committeeHR. 7567(Passed House)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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