HR 7350
Fishing Vessel Financing Improvement Act of 2026
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Bill overview
The Fishing Vessel Financing Improvement Act of 2026 aims to improve the process by which the Department of Transportation and the Maritime Administration provide loans to fishing vessel owners. It clarifies definitions related to ‘fishing,’ adjusts loan priorities to focus on used vessels and fishery facilities, and establishes limits on loan guarantees to align with sustainable fisheries management. The bill also introduces provisions regarding eligibility for newer vessels and ties funding to the National Defense Authorization Act.
Sponsors
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Primary sponsor
Nicholas J. [R-AK-At Large] Begich
Cosponsor
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