Bill > HR2071

This bill, known as the "Save Our Shrimpers Act," requires the Secretary of the Treasury to condition federal funding to international financial institutions (IFIs) with a specific restriction: the funds cannot be used to finance any activities related to shrimp farming, shrimp processing, or shrimp exports in foreign countries. Additionally, the bill mandates that the Comptroller General (head of the Government Accountability Office or GAO) must conduct an annual investigation and submit a report to Congress within 180 days of the Act's enactment, and then annually thereafter. This report will assess whether United States Executive Directors at specified international financial institutions have followed previous instructions regarding opposing assistance for the production or extraction of export commodities or minerals that are already in surplus on world markets. The bill appears aimed at protecting domestic shrimp industries by preventing international financial support for foreign shrimp farming operations and ensuring oversight of international financial institution activities.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/2071/all-info