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S 1217119th CongressIntroduced
Fishing Industry Credit Enhancement Act of 2025
Introduced: Oct 29, 2025
Agriculture & Food
Standard Summary
Comprehensive overview in 1-2 paragraphs
This legislation amends the Farm Credit Act of 1971 to explicitly include commercial fishing operations within the agricultural credit system, extending eligibility for financial services to service providers supporting aquatic product harvesters and modifying credit extension purposes to cover fishing industry operational needs.
Key Points
- 1The bill amends Section 1.9 of the Farm Credit Act to include persons furnishing services directly related to aquatic product producers' operating needs as eligible credit recipients
- 2It modifies Section 1.11 to authorize credit extensions specifically for services supporting commercial fishing operations' daily functional requirements
- 3Production Credit Associations are updated under Section 2.4 to cover entities providing services to harvesters of aquatic products alongside traditional agricultural borrowers
Impact Areas
Commercial fishing industry operators and service providersFarm Credit System institutions including banks and associationsRural coastal communities dependent on fishing economies
Generated by LegislativeAnalysisAI/v3.1 on Nov 2, 2025