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Creates a 30% investment tax credit for qualifying hydropower improvement property and launches a pilot loan program to help U.S.-flagged commercial fishing vessels convert to alternative fuels. Expands eligibility in multiple USDA and NOAA programs to explicitly include commercial fishing, wild-caught fish, and fish processing; funds new shore-side grants for rural seafood processing and working waterfront improvements; establishes a Maritime Workforce Grant Program; and creates regionally distributed Ocean Innovation Clusters and Centers. Most new programs are authorized for annual funding in fiscal years 2026–2030.
Read twice and referred to the Committee on Finance.
Introduced June 5, 2025 by Lisa Murkowski · Last progress June 5, 2025