Legis Daily

Fishing Industry Credit Enhancement Act of 2025

USA119th CongressHR-2518| House 
| Updated: 4/18/2025
Chellie Pingree

Chellie Pingree

Democratic Representative

Maine

Cosponsors (5)
Clay Higgins (Republican)Ed Case (Democratic)Jill N. Tokuda (Democratic)Josh Harder (Democratic)Adam Gray (Democratic)

Agriculture Committee, General Farm Commodities, Risk Management, and Credit Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The Fishing Industry Credit Enhancement Act of 2025 seeks to amend the Farm Credit Act of 1971, primarily to provide enhanced support for the commercial fishing industry. This legislation expands the eligibility criteria for receiving credit and financial services from the Farm Credit System. Specifically, the bill authorizes Farm Credit Banks and Production Credit Associations to extend financing to businesses that provide services directly related to the operating needs of aquatic product producers and harvesters. This change aims to ensure that essential service providers within the fishing sector can access necessary capital, thereby strengthening the industry's infrastructure and operational capacity.
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Timeline

Bill from Previous Congress

HR 118-4940
Fishing Industry Credit Enhancement Act of 2023
Mar 31, 2025

Latest Companion Bill Action

S 119-1217
Introduced in Senate
Mar 31, 2025
Introduced in House
Mar 31, 2025
Referred to the House Committee on Agriculture.
Apr 18, 2025
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
  • Bill from Previous Congress

    HR 118-4940
    Fishing Industry Credit Enhancement Act of 2023


  • March 31, 2025

    Latest Companion Bill Action

    S 119-1217
    Introduced in Senate


  • March 31, 2025
    Introduced in House


  • March 31, 2025
    Referred to the House Committee on Agriculture.


  • April 18, 2025
    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Public Lands and Natural Resources

Related Bills

  • S 119-1217: Fishing Industry Credit Enhancement Act of 2025

Fishing Industry Credit Enhancement Act of 2025

USA119th CongressHR-2518| House 
| Updated: 4/18/2025
The Fishing Industry Credit Enhancement Act of 2025 seeks to amend the Farm Credit Act of 1971, primarily to provide enhanced support for the commercial fishing industry. This legislation expands the eligibility criteria for receiving credit and financial services from the Farm Credit System. Specifically, the bill authorizes Farm Credit Banks and Production Credit Associations to extend financing to businesses that provide services directly related to the operating needs of aquatic product producers and harvesters. This change aims to ensure that essential service providers within the fishing sector can access necessary capital, thereby strengthening the industry's infrastructure and operational capacity.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 118-4940
Fishing Industry Credit Enhancement Act of 2023
Mar 31, 2025

Latest Companion Bill Action

S 119-1217
Introduced in Senate
Mar 31, 2025
Introduced in House
Mar 31, 2025
Referred to the House Committee on Agriculture.
Apr 18, 2025
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
  • Bill from Previous Congress

    HR 118-4940
    Fishing Industry Credit Enhancement Act of 2023


  • March 31, 2025

    Latest Companion Bill Action

    S 119-1217
    Introduced in Senate


  • March 31, 2025
    Introduced in House


  • March 31, 2025
    Referred to the House Committee on Agriculture.


  • April 18, 2025
    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Chellie Pingree

Chellie Pingree

Democratic Representative

Maine

Cosponsors (5)
Clay Higgins (Republican)Ed Case (Democratic)Jill N. Tokuda (Democratic)Josh Harder (Democratic)Adam Gray (Democratic)

Agriculture Committee, General Farm Commodities, Risk Management, and Credit Subcommittee

Public Lands and Natural Resources

Related Bills

  • S 119-1217: Fishing Industry Credit Enhancement Act of 2025
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted