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Aquaculture Research Support: New Funding and Financial Rules

This act aims to increase financial support for aquaculture research in the United States. It modifies rules regarding indirect costs in assistance programs, potentially making it easier for research institutions to secure funding and conduct projects. Citizens may benefit from the development of local food sources and innovations in aquatic agriculture.
Key points
Increased funding for aquaculture support programs by $15 million annually from 2024 to 2028.
Elimination of limitations on covering indirect costs in aquaculture research projects, simplifying grant management.
Support for the development of domestic aquatic food production, potentially impacting the availability and prices of seafood.
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Additional Information
Print number: 118_HR_3542
Sponsor: Rep. Tokuda, Jill N. [D-HI-2]
Process start date: 2023-05-18