II
119th CONGRESS
1st Session
S. 1217
IN THE SENATE OF THE UNITED STATES
March 31, 2025
Mr. King (for himself, Ms. Murkowski, Mr. Murphy, Mr. Coons, Ms. Blunt Rochester, and Mr. Sullivan) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry
A BILL
To amend the Farm Credit Act of 1971 to support the commercial fishing industry.
Short title
This Act may be cited as the Fishing Industry Credit Enhancement Act of 2025
.
Extension of credit to businesses providing services to producers or harvesters of aquatic products
Farm credit banks
Eligibility for credit and financial services
Section 1.9 of the Farm Credit Act of 1971 (12 U.S.C. 2017) is amended—
in paragraph (2), by striking or
at the end;
by redesignating paragraph (3) as paragraph (4); and
by inserting after paragraph (2) the following:
persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs; or
.
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
.
Production credit associations
Section 2.4(a) of the Farm Credit Act of 1971 (12 U.S.C. 2075(a)) is amended—
in paragraph (2), by striking and
at the end;
in paragraph (3), by striking the period at the end and inserting ; and
; and
by adding at the end the following:
persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs.
.