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Senate Bill 1756
118th Congress(2023-2024)
Fishing Industry Credit Enhancement Act of 2023
Introduced
Introduced
Introduced in Senate on May 30, 2023
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Text
Introduced in Senate 
May 30, 2023
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Introduced in Senate(May 30, 2023)
May 30, 2023
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 1756 (Introduced-in-Senate)


118th CONGRESS
1st Session
S. 1756


To amend the Farm Credit Act of 1971 to support the commercial fishing industry.

IN THE SENATE OF THE UNITED STATES

May 30, 2023

Mr. King (for himself and Ms. Murkowski) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry

A BILL

To amend the Farm Credit Act of 1971 to support the commercial fishing industry.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Fishing Industry Credit Enhancement Act of 2023”.

SEC. 2. Extension of credit to businesses providing services to producers or harvesters of aquatic products.

(a) Farm credit banks.—

(1) ELIGIBILITY FOR CREDIT AND FINANCIAL SERVICES.—Section 1.9 of the Farm Credit Act of 1971 (12 U.S.C. 2017) is amended—

(A) in paragraph (2), by striking “or” at the end;

(B) by redesignating paragraph (3) as paragraph (4); and

(C) by inserting after paragraph (2) the following:

“(3) persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs; or”.

(2) PURPOSES FOR EXTENSIONS OF CREDIT.—Section 1.11(c)(1) of the Farm Credit Act of 1971 (12 U.S.C. 2019(c)(1)) is amended by inserting “and to persons furnishing services directly related to the operating needs of producers or harvesters of aquatic products” after “needs”.

(b) Production credit associations.—Section 2.4(a) of the Farm Credit Act of 1971 (12 U.S.C. 2075(a)) is amended—

(1) in paragraph (2), by striking “and” at the end;

(2) in paragraph (3), by striking the period at the end and inserting “; and”; and

(3) by adding at the end the following:

“(4) persons furnishing to producers or harvesters of aquatic products services directly related to their operating needs.”.