Shrimp Industry: Ban on Funding for Foreign Competitors
Also known as: Save Our Shrimpers Act
Legislative Progress
✓ Filed
Review
House
Senate
President
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.
Milestones
2 milestones2 actions
Mar 11, 2025House
Referred to the House Committee on Financial Services.
Mar 11, 2025
Introduced in House
Source Information
Document Type
Congressional Bill
Official Title
Save Our Shrimpers Act
Bill NumberHR 2071
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Financial Services.
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