Save Our Shrimpers Act

This bill stops U.S. federal money from helping international banks fund shrimp farms, shrimp processing, or shrimp exports in other countries. The Treasury Department must make sure any U.S. funds given to these banks can’t be used for those shrimp activities abroad.

It also adds oversight. The Government Accountability Office must check within 180 days of enactment, and then every year, whether U.S. leaders at these international banks are following policies to oppose financing exports of goods that are oversupplied worldwide and could seriously harm U.S. producers.

• Who is affected: International financial institutions that receive U.S. funds; U.S. agencies overseeing those funds; industries tied to shrimp and competing U.S. producers.
• What changes: U.S. funds cannot support foreign shrimp farming, processing, or export through these banks; required yearly GAO reports to check compliance with related policies.
• When: GAO reporting begins within 180 days after the bill becomes law, then annually.