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Financial Support for Fishing Industry Service Providers

This new act expands access to credit and financial services for businesses that provide services to producers and harvesters of aquatic products. This means that companies supporting the fishing industry, such as equipment suppliers or processors, will have easier access to funds for development and daily operations. This could contribute to the stabilization and growth of local economies tied to fishing.
Key points
Businesses serving fishers and aquatic product producers will gain access to farm credit bank loans.
Easier access to financing for suppliers and service providers in the fishing industry.
Potential support for local communities dependent on fishing.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2518
Sponsor: Rep. Pingree, Chellie [D-ME-1]
Process start date: 2025-03-31
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Fishing Industry Credit Enhancement Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2518.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-03-31.

What are the main provisions?

Key points include:

  • Businesses serving fishers and aquatic product producers will gain access to farm credit bank loans.
  • Easier access to financing for suppliers and service providers in the fishing industry.
  • Potential support for local communities dependent on fishing.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Pingree, Chellie [D-ME-1].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Agriculture Economy