[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7932 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 7932

 To prohibit Federal funds from being made available to international 
  financial institutions for the purposes of financing foreign shrimp 
                     farms, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 2024

Mr. Nehls (for himself, Mr. Higgins of Louisiana, Mr. Vicente Gonzalez 
of Texas, Mr. Graves of Louisiana, Mr. Ezell, Mr. Moore of Alabama, Ms. 
 Mace, Mr. Donalds, Mr. Weber of Texas, Mr. Babin, Mr. Fry, Mrs. Luna, 
Ms. Letlow, and Mr. Bilirakis) introduced the following bill; which was 
            referred to the Committee on Financial Services

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                                 A BILL


 
 To prohibit Federal funds from being made available to international 
  financial institutions for the purposes of financing foreign shrimp 
                     farms, and for other purposes.

    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 ``Save Our Shrimpers Act''.

SEC. 2. PROHIBITION ON MAKING FEDERAL FUNDS AVAILABLE TO INTERNATIONAL 
              FINANCIAL INSTITUTIONS TO FINANCE FOREIGN SHRIMP FARMS.

    The Secretary of the Treasury shall condition any provision of 
Federal funds to an international financial institution (as defined in 
section 1701(c)(2) of the International Financial Institutions Act) on 
the requirement that the funds not be used to finance any activity 
relating to shrimp farming, shrimp processing, or the export of shrimp 
in any foreign country.

SEC. 3. ANNUAL GAO REPORT ON COMPLIANCE BY THE UNITED STATES EXECUTIVE 
              DIRECTORS AT CERTAIN INTERNATIONAL FINANCIAL INSTITUTIONS 
              WITH INSTRUCTION TO OPPOSE INTERNATIONAL FINANCIAL 
              INSTITUTION ASSISTANCE FOR THE PRODUCTION OR EXTRACTION 
              OF EXPORT COMMODITIES OR MINERALS IN SURPLUS ON WORLD 
              MARKETS.

    Within 180 days after the date of the enactment of this Act and 
annually thereafter, the Comptroller General shall investigate, and 
submit to the Congress a written report on, the extent to which the 
United States Executive Directors at the institutions specified in 
section 22 of the Export-Import Bank Act Amendments of 1986 have 
carried out the instructions described in such section.
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