Sponsors (21)
The bill increases U.S. policy consistency and transparency by blocking IFI support for shrimp projects and mandating GAO reporting, but it risks reducing U.S. influence at multilateral banks, creating compliance costs, and causing economic ripple effects for seafood supply chains and foreign communities.
Federal and individual taxpayers: U.S. contributions to international financial institutions (IFIs) will be restricted from supporting shrimp aquaculture/processing abroad, reducing indirect U.S. financial backing for activities some view as environmentally harmful.
U.S. policymakers and federal/state officials: The bill aligns IFI funding use with stated U.S. policy priorities by instructing Executive Directors to block IFI financing for shrimp industry projects, giving the U.S. clearer, more consistent policy direction in multilateral institutions.
Congress and federal oversight officials: The GAO must report initially and annually on whether U.S. Executive Directors followed statutory instructions, increasing transparency and providing lawmakers timely information to inform oversight or legislative action.
U.S. influence at international financial institutions: If the U.S. blocks financing for projects involving shrimp, American leverage over broader IFI policy decisions and coalition-building could weaken, reducing U.S. ability to shape other multilateral outcomes.
U.S. seafood exporters, importers, and supply-chain companies: Curtailing IFI-backed shrimp projects abroad could disrupt global seafood markets and supply chains, creating indirect economic costs for U.S. businesses and potentially higher prices for consumers.
Treasury, IFIs, and U.S. contribution administration: Implementing and policing the prohibition will create additional monitoring and compliance work, increasing administrative costs for the Treasury and partner institutions.
Based on analysis of 3 sections of legislative text.
Prevents U.S. federal funds provided to international financial institutions from being used to finance shrimp farming, processing, or shrimp exports abroad and mandates GAO reports on related IFI opposition actions.
Prohibits the Secretary of the Treasury from providing U.S. federal funds to international financial institutions unless those funds are conditioned so they may not be used to finance shrimp farming, shrimp processing, or shrimp exports in any foreign country. Requires the Comptroller General to report to Congress within 180 days of enactment and annually thereafter on whether U.S. Executive Directors at specified international institutions have been carrying out instructions to oppose IFI assistance for production or extraction of export commodities or minerals that are in surplus on world markets.
Introduced March 11, 2025 by Troy E. Nehls · Last progress May 13, 2026