S. 1217

119th CONGRESS 1st Session

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

IN THE SENATE OF THE UNITED STATES · March 31, 2025 · Sponsor: Mr. King · Committee: Committee on Agriculture, Nutrition, and Forestry

Table of contents

• 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) Section 1.9 of the Farm Credit Act of 1971 (12 U.S.C. 2017) is amended— (A) in paragraph (2), by striking "or" at the end; (B) by redesignating paragraph (3) as paragraph (4); and (C) by inserting after paragraph (2) the following:

(3) persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs; or.

(2) Section 1.11(c)(1) of the Farm Credit Act of 1971 (12 U.S.C. 2019(c)(1)) is amended by inserting after .

(b) Production credit associations

Section 2.4(a) of the Farm Credit Act of 1971 (12 U.S.C. 2075(a)) is amended— (1) in paragraph (2), by striking "and" at the end;

(2) in paragraph (3), by striking the period at the end and inserting ; and

(3) by adding at the end the following:

(4) persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs..