Fishing Industry Credit Enhancement Act of 2025

Hozzl · 2025-04-15T04:23:18Z

Explore the details of Senate Bill 1217 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.

4/15/2025, 4:23 AM

Summary of Bill S 1217

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.

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Current Status of Bill S 1217

Bill S 1217 is currently in the status of Bill Introduced since March 31, 2025. Bill S 1217 was introduced during Congress 119 and was introduced to the Senate on March 31, 2025. Bill S 1217's most recent activity was Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. as of March 31, 2025

Bipartisan Support of Bill S 1217

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Policy Area and Potential Impact of Bill S 1217

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Alternate Title(s) of Bill S 1217

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

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