Bill 119 s 1217, also known as the "Commercial Fishing Industry Support Act," aims to make changes to the Farm Credit Act of 1971 in order to provide support to the commercial fishing industry. The bill recognizes the importance of the fishing industry in the United States and seeks to address the unique financial needs of commercial fishermen.
Specifically, the bill proposes amendments to the Farm Credit Act that would allow for the creation of specialized financial products and services tailored to the needs of commercial fishermen. This includes providing access to credit and financing options that are specifically designed to meet the challenges faced by those in the fishing industry.
Additionally, the bill aims to improve the availability of financial resources for commercial fishermen, particularly in times of economic hardship or natural disasters. By providing targeted support through the Farm Credit Act, the bill seeks to ensure the long-term viability and sustainability of the commercial fishing industry.
Overall, Bill 119 s 1217 represents a bipartisan effort to address the financial needs of the commercial fishing industry and support the livelihoods of those who rely on fishing for their income. The bill recognizes the importance of the fishing industry to the US economy and seeks to provide the necessary resources and support to ensure its continued success.