| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 1217 |
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| 5 | 5 | | To amend the Farm Credit Act of 1971 to support the commercial fishing |
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| 6 | 6 | | industry. |
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| 7 | 7 | | IN THE SENATE OF THE UNITED STATES |
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| 8 | 8 | | MARCH31, 2025 |
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| 9 | 9 | | Mr. K |
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| 10 | 10 | | ING(for himself, Ms. MURKOWSKI, Mr. MURPHY, Mr. COONS, Ms. |
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| 11 | 11 | | B |
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| 12 | 12 | | LUNTROCHESTER, and Mr. SULLIVAN) introduced the following bill; |
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| 13 | 13 | | which was read twice and referred to the Committee on Agriculture, Nu- |
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| 14 | 14 | | trition, and Forestry |
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| 15 | 15 | | A BILL |
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| 16 | 16 | | To amend the Farm Credit Act of 1971 to support the |
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| 17 | 17 | | commercial fishing industry. |
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| 18 | 18 | | Be it enacted by the Senate and House of Representa-1 |
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| 19 | 19 | | tives of the United States of America in Congress assembled, 2 |
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| 20 | 20 | | SECTION 1. SHORT TITLE. 3 |
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| 21 | 21 | | This Act may be cited as the ‘‘Fishing Industry Cred-4 |
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| 22 | 22 | | it Enhancement Act of 2025’’. 5 |
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| 23 | 23 | | SEC. 2. EXTENSION OF CREDIT TO BUSINESSES PROVIDING 6 |
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| 24 | 24 | | SERVICES TO PRODUCERS OR HARVESTERS 7 |
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| 25 | 25 | | OF AQUATIC PRODUCTS. 8 |
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| 26 | 26 | | (a) F |
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| 27 | 27 | | ARMCREDITBANKS.— 9 |
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| 28 | 28 | | VerDate Sep 11 2014 22:59 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1217.IS S1217 |
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| 29 | 29 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 30 | 30 | | •S 1217 IS |
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| 31 | 31 | | (1) ELIGIBILITY FOR CREDIT AND FINANCIAL 1 |
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| 32 | 32 | | SERVICES.—Section 1.9 of the Farm Credit Act of 2 |
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| 33 | 33 | | 1971 (12 U.S.C. 2017) is amended— 3 |
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| 34 | 34 | | (A) in paragraph (2), by striking ‘‘or’’ at 4 |
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| 35 | 35 | | the end; 5 |
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| 36 | 36 | | (B) by redesignating paragraph (3) as 6 |
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| 37 | 37 | | paragraph (4); and 7 |
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| 38 | 38 | | (C) by inserting after paragraph (2) the 8 |
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| 39 | 39 | | following: 9 |
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| 40 | 40 | | ‘‘(3) persons furnishing to producers or har-10 |
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| 41 | 41 | | vesters of aquatic products services directly related 11 |
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| 42 | 42 | | to their operating needs; or’’. 12 |
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| 43 | 43 | | (2) P |
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| 44 | 44 | | URPOSES FOR EXTENSIONS OF CREDIT .— 13 |
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| 45 | 45 | | Section 1.11(c)(1) of the Farm Credit Act of 1971 14 |
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| 46 | 46 | | (12 U.S.C. 2019(c)(1)) is amended by inserting 15 |
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| 47 | 47 | | ‘‘and to persons furnishing services directly related 16 |
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| 48 | 48 | | to the operating needs of producers or harvesters of 17 |
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| 49 | 49 | | aquatic products’’ after ‘‘needs’’. 18 |
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| 50 | 50 | | (b) P |
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| 51 | 51 | | RODUCTIONCREDITASSOCIATIONS.—Section 19 |
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| 52 | 52 | | 2.4(a) of the Farm Credit Act of 1971 (12 U.S.C. 20 |
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| 53 | 53 | | 2075(a)) is amended— 21 |
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| 54 | 54 | | (1) in paragraph (2), by striking ‘‘and’’ at the 22 |
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| 55 | 55 | | end; 23 |
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| 56 | 56 | | (2) in paragraph (3), by striking the period at 24 |
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| 57 | 57 | | the end and inserting ‘‘; and’’; and 25 |
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| 58 | 58 | | VerDate Sep 11 2014 22:59 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S1217.IS S1217 |
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| 59 | 59 | | ssavage on LAPJG3WLY3PROD with BILLS 3 |
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| 60 | 60 | | •S 1217 IS |
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| 61 | 61 | | (3) by adding at the end the following: 1 |
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| 62 | 62 | | ‘‘(4) persons furnishing to producers or har-2 |
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| 63 | 63 | | vesters of aquatic products services directly related 3 |
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| 64 | 64 | | to their operating needs.’’. 4 |
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| 65 | 65 | | Æ |
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| 66 | 66 | | VerDate Sep 11 2014 22:59 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\S1217.IS S1217 |
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| 67 | 67 | | ssavage on LAPJG3WLY3PROD with BILLS |
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