The "American Seafood Competitiveness Act of 2026" expands Department of Agriculture loans and grants to include fishing and fish processing businesses. It amends the Consolidated Farm and Rural Development Act to allow commercial fishermen and fish processors to qualify for farm ownership and operating loans. These loans can be used for acquiring fishing permits, vessels, and processing facilities. The bill also includes wild-caught fish and shellfish under agricultural marketing programs and waives matching fund requirements for commercial fishing and fish processing businesses. The Secretary of Agriculture is mandated to integrate commercial fishermen and fish processors into relevant programs and provide technical assistance. Additionally, the bill extends credit and financial services to businesses providing services to producers or harvesters of aquatic products.
