S 1756
Fishing Industry Credit Enhancement Act of 2023
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Fishing Industry Credit Enhancement Act of 2023, amends the Farm Credit Act to allow Farm Credit Banks and Production Credit Associations to extend credit to businesses that provide services to commercial fishing operations. Specifically, it expands the definition of eligible recipients to include those offering services directly related to the operating needs of producers and harvesters of aquatic products. This aims to improve access to credit for the fishing industry, which has faced economic challenges.
Sponsors
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Primary sponsor
Angus S., Jr. King
Cosponsors
Benjamin L. Cardin
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