Save Our Shrimpers Act
Shrimp Industry: Ban on Funding for Foreign Competitors
Legislative Progress
Key Points
- This bill stops U.S. tax dollars from being sent to international banks if that money is used to help foreign shrimp businesses. It covers everything from building foreign shrimp farms to processing and shipping shrimp to other countries.
- American shrimpers, especially in coastal states like Texas, Louisiana, and Florida, are the main group affected. They often struggle to compete with cheap shrimp imported from overseas that is sometimes supported by international loans.
- The goal is to protect the U.S. shrimp industry from unfair competition. By cutting off these loans, the bill aims to make sure the U.S. government isn't accidentally helping foreign companies put American shrimpers out of business.
- The government will also have to check in every year to make sure this is actually happening. A watchdog group will investigate and write a report to confirm that U.S. officials at international banks are following these new rules.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Placed on the Union Calendar, Calendar No. 491.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-571.
Ordered to be Reported by the Yeas and Nays: 42 - 1.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Save Our Shrimpers Act
Data Sources
Sponsor
Cosponsors
(20)Analysis generated by AI. Always verify with official sources.