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Protecting US Shrimp Industry: No Federal Funds for Foreign Farms

This act aims to protect the American shrimp industry by prohibiting the use of federal funds to finance foreign shrimp farms. This means taxpayer money will not support overseas competition, potentially helping to preserve jobs and stabilize shrimp prices in the US. Additionally, the act mandates annual reports on compliance with these rules.
Key points
Prohibition on foreign shrimp farm financing: Federal funds cannot be used to support shrimp farming, processing, or export activities in other countries.
Protecting domestic industry: The goal is to support American shrimpers and shield them from foreign competition funded by public money.
Annual reports: Regular reports are required to ensure compliance by financial institutions.
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Status: Introduced
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Additional Information
Print number: 119_HR_2071
Sponsor: Rep. Nehls, Troy E. [R-TX-22]
Process start date: 2025-03-11