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House Bill 4940
118th Congress(2023-2024)
Fishing Industry Credit Enhancement Act of 2023
Introduced
Introduced
Introduced in House on Jul 26, 2023
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Text
Introduced in House 
Jul 26, 2023
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Introduced in House(Jul 26, 2023)
Jul 26, 2023
About Linkage
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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.
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H. R. 4940 (Introduced-in-House)


118th CONGRESS
1st Session
H. R. 4940


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

IN THE HOUSE OF REPRESENTATIVES

July 26, 2023

Ms. Pingree (for herself and Mr. Higgins of Louisiana) introduced the following bill; which was referred to the Committee on Agriculture

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.”.