H.R. 2518

119th CONGRESS 1st Session

To amend the Farm Credit Act of 1971 to support the commercial fishing industry.

IN THE HOUSE OF REPRESENTATIVES · March 31, 2025 · Sponsor: Ms. Pingree · Committee: Committee on Agriculture

Table of contents

• H.R. 2518
  • SEC. 1. Short title
  • SEC. 2. Extension of credit to businesses providing services to producers or harvesters of aquatic products

SEC. 1. Short title

• This Act may be cited as the Fishing Industry Credit Enhancement Act of 2025.

SEC. 2. Extension of credit to businesses providing services to producers or harvesters of aquatic products

• (a) Farm credit banks
  • (1) Eligibility for credit and financial services
    • Section 1.9 of the Farm Credit Act of 1971 () is amended— 12 U.S.C. 2017
      • in paragraph (2), by striking or at the end;
      • by redesignating paragraph (3) as paragraph (4); and
        • persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs; or
      • by inserting after paragraph (2) the following:
  • (2) Purposes for extensions of credit
    • Section 1.11(c)(1) of the Farm Credit Act of 1971 () is amended by inserting after . 12 U.S.C. 2019(c)(1)
• (b) Production credit associations
  • Section 2.4(a) of the Farm Credit Act of 1971 () is amended— 12 U.S.C. 2075(a)
    • in paragraph (2), by striking and at the end;
    • in paragraph (3), by striking the period at the end and inserting ; and; and
      • persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs.
    • by adding at the end the following: