Bill > HR2518

This bill amends the Farm Credit Act of 1971 to expand credit and financial services eligibility for businesses serving the commercial fishing industry. Specifically, the bill allows Farm Credit Banks and Production Credit Associations to extend credit to persons providing services directly related to the operating needs of aquatic product producers or harvesters. This means that businesses that support commercial fishing operations, such as equipment suppliers, maintenance services, or other supporting industries, would now be eligible for agricultural credit programs that were previously limited to direct producers. The changes are technical in nature, modifying existing language in the Farm Credit Act to include service providers in the aquatic products sector. By broadening the definition of eligible entities, the bill aims to provide additional financial support and resources to the commercial fishing industry and its supporting businesses. The bill is titled the "Fishing Industry Credit Enhancement Act of 2025" and would make it easier for fishing-related businesses to access financial services and credit through specialized agricultural lending institutions.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/2518/all-info