118 HR 4940 IH: Fishing Industry Credit Enhancement Act of 2023 U.S. House of Representatives 2023-07-26 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS1st SessionH. R. 4940IN THE HOUSE OF REPRESENTATIVESJuly 26, 2023Ms. Pingree (for herself and Mr. Higgins of Louisiana) introduced the following bill; which was referred to the Committee on AgricultureA BILLTo amend the Farm Credit Act of 1971 to support the commercial fishing industry.

1.

Short title

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

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..