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H.R. 2518House119th Congress (2025-2027)In Committee

Fishing Industry Credit Enhancement Act of 2025

Sponsored by Chellie PingreeRep. Chellie Pingree (D-ME)
Introduced March 31, 2025

AI-Generated Summary

Updated November 24, 2025 at 1:30 AM UTC

The Fishing Industry Credit Enhancement Act of 2025 changes the Farm Credit Act to let farms and businesses that support commercial fishing operations qualify for federal farm credit. By expanding eligibility, the bill aims to give fishing producers and the companies that service them better access to loans and financial assistance.

Key Provisions

  • Amends the Farm Credit Act to make businesses that provide services directly related to the operating needs of commercial fishing producers or harvesters eligible for credit and financial services from Farm Credit Banks.
  • Adds the same service‑provider category to the list of purposes for which Farm Credit Banks may extend credit.
  • Updates the rules for Production Credit Associations so they can also extend credit to those service providers for the fishing industry.

Legislative Activity

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2 earlier actions
HouseCommittee Latest Action

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

General Farm Commodities, Risk Management, and Credit Subcommittee

April 18, 2025

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HouseIntro Referral

Introduced in House

March 31, 2025

HouseIntro Referral

Referred to the House Committee on Agriculture.

Agriculture Committee

March 31, 2025

HouseCommittee

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

General Farm Commodities, Risk Management, and Credit Subcommittee

April 18, 2025

Bill Text

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Introduced in HouseIssued March 31, 2025

I

119th CONGRESS

1st Session

H. R. 2518

IN THE HOUSE OF REPRESENTATIVES

March 31, 2025

Ms. Pingree (for herself, Mr. Higgins of Louisiana, Ms. Tokuda, and Mr. Harder of California) introduced the following bill; which was referred to the Committee on Agriculture

A BILL

To amend the Farm Credit Act of 1971 to support the commercial fishing industry.

1.

Short title

This Act may be cited as the Fishing Industry Credit Enhancement Act of 2025.

2.

Extension of credit to businesses providing services to producers or harvesters of aquatic products

(a)

Farm credit banks

(1)

Eligibility for credit and financial services

Section 1.9 of the Farm Credit Act of 1971 (12 U.S.C. 2017) is amended—

(A)

in paragraph (2), by striking or at the end;

(B)

by redesignating paragraph (3) as paragraph (4); and

(C)

by inserting after paragraph (2) the following:

(3)

persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs; or

.

(2)

Purposes for extensions of credit

Section 1.11(c)(1) of the Farm Credit Act of 1971 (12 U.S.C. 2019(c)(1)) is amended by inserting and to persons furnishing services directly related to the operating needs of producers or harvesters of aquatic products after needs.

(b)

Production credit associations

Section 2.4(a) of the Farm Credit Act of 1971 (12 U.S.C. 2075(a)) is amended—

(1)

in paragraph (2), by striking and at the end;

(2)

in paragraph (3), by striking the period at the end and inserting ; and; and

(3)

by adding at the end the following:

(4)

persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs.

.