Fishing Industry Credit Enhancement Act of 2025
HR 2518 expands access to existing agricultural credit programs for businesses supporting the fishing industry. It amends the Farm Credit Act of 1971 to allow Farm Credit Banks and Production Credit Associations to provide loans and financial services to businesses that supply services directly related to the operating needs of fishermen or seafood harvesters (like equipment suppliers or processing services). This change specifically includes these service providers under the same eligibility rules currently applied to fishing producers themselves. The bill does not create new funding but broadens the scope of existing credit mechanisms to better serve the full fishing supply chain.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
President
Introduced Mar 31, 2025
Last action Apr 18, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Apr 18, 2025
Committee
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
lower
Mar 31, 2025
Committee
Referred to the House Committee on Agriculture.
lower
Mar 31, 2025
Introduced
Introduced in House
lower
1 primary · 6 co-sponsors
Sponsors
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