Fishing Industry Credit Enhancement Act of 2025

Hozzl · 2025-04-24T08:05:19Z

Explore the details of House Bill 2518 Fishing Industry Credit Enhancement Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

4/24/2025, 8:05 AM

Summary of Bill HR 2518

Bill 119 HR 2518, also known as the "Commercial Fishing Industry Support Act," aims to amend the Farm Credit Act of 1971 in order to provide support to the commercial fishing industry. The bill recognizes the importance of the commercial fishing industry in the United States and seeks to address the unique financial needs of fishermen.

Specifically, the bill proposes to expand the eligibility criteria for loans and financial assistance provided by the Farm Credit System to include commercial fishermen. This would allow fishermen to access the same financial resources that are currently available to farmers and ranchers, such as operating loans, real estate loans, and other forms of credit.

Additionally, the bill aims to improve the availability of credit for commercial fishermen by establishing a loan guarantee program specifically tailored to their needs. This program would help mitigate the financial risks associated with fishing operations and provide fishermen with greater access to capital. Overall, Bill 119 HR 2518 seeks to level the playing field for commercial fishermen and ensure that they have the financial support necessary to sustain their businesses and livelihoods. By amending the Farm Credit Act of 1971, the bill aims to provide much-needed assistance to an important sector of the US economy.

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Current Status of Bill HR 2518

Bill HR 2518 is currently in the status of Bill Introduced since March 31, 2025. Bill HR 2518 was introduced during Congress 119 and was introduced to the House on March 31, 2025. Bill HR 2518's most recent activity was Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. as of April 18, 2025

Bipartisan Support of Bill HR 2518

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Policy Area and Potential Impact of Bill HR 2518

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Alternate Title(s) of Bill HR 2518

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

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