[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4236 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4236

  To amend the Consolidated Farm and Rural Development Act to expand 
 eligibility of Department of Agriculture loans and grants for fishing 
          and mariculture businesses, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 26, 2026

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

_______________________________________________________________________

                                 A BILL


 
  To amend the Consolidated Farm and Rural Development Act to expand 
 eligibility of Department of Agriculture loans and grants for fishing 
          and mariculture businesses, 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 ``American Seafood Competitiveness Act 
of 2026''.

SEC. 2. DEPARTMENT OF AGRICULTURE LOANS AND GRANTS FOR FISHING AND 
              MARICULTURE BUSINESSES.

    (a) Definitions of Farmer and Farming.--Section 343(a) of the 
Consolidated Farm and Rural Development Act (7 U.S.C. 1991(a)) is 
amended--
            (1) in paragraph (1), by striking ``farming.'' and 
        inserting ``farming, commercial fishing, or fish processing.'';
            (2) in paragraph (2), by striking ``farming.'' and 
        inserting ``farming, commercial fishing, and fish 
        processing.''; and
            (3) by adding at the end the following:
            ``(14) Commercial fishing.--The term `commercial fishing' 
        means fishing (as defined in section 3 of the Magnuson-Stevens 
        Fishery Conservation and Management Act (16 U.S.C. 1802)) in 
        which the fish harvested, either in whole or in part, are 
        intended to enter commerce or enter commerce through sale, 
        barter, or trade.
            ``(15) Commercial fishing vessel.--The term `commercial 
        fishing vessel' means a fishing vessel and a fish processing 
        vessel (as those terms are defined in section 2101 of title 46, 
        United States Code).
            ``(16) Fish.--The term `fish' has the meaning given the 
        term in section 2101 of title 46, United States Code.
            ``(17) Fish processing.--The term `fish processing' means 
        the processing of fish for commercial use or consumption.
            ``(18) Fish processing facility.--The term `fish processing 
        facility' means a facility or vessel, boat, ship, or other 
        craft used or equipped for fish processing.''.
    (b) Farm Ownership Loans.--
            (1) Eligibility.--Section 302(a) of the Consolidated Farm 
        and Rural Development Act (7 U.S.C. 1922(a)) is amended by 
        adding at the end the following:
            ``(3) Eligibility of wild-caught fish and shellfish.--
        Notwithstanding any other provision of this Act, for purposes 
        of direct and guaranteed farm loans under this subtitle--
                    ``(A) the terms `farmer' and `rancher' shall 
                include an individual or entity engaged in commercial 
                fishing or fish processing; and
                    ``(B) the terms `farm' and `ranch' shall include--
                            ``(i) a commercial fishing vessel; and
                            ``(ii) a fish processing facility.''.
            (2) Purposes.--Section 303(a) of the Consolidated Farm and 
        Rural Development Act (7 U.S.C. 1923(a)) is amended by adding 
        at the end the following:
            ``(3) Commercial fishery participants; fish processors.--
                    ``(A) Commercial fishery participants.--An 
                individual or entity engaged in commercial fishing may 
                only use a direct or guaranteed loan under this 
                subtitle for--
                            ``(i) acquiring a commercial fishing 
                        permit;
                            ``(ii) acquiring a commercial fishing 
                        vessel; and
                            ``(iii) making capital improvements to a 
                        commercial fishing vessel.
                    ``(B) Fish processors.--An individual or entity 
                engaged in fish processing may use a direct or 
                guaranteed loan under this subtitle for acquiring or 
                making capital improvements to a fish processing 
                facility.''.
    (c) Farm Operating Loans.--
            (1) Eligibility.--Section 311(a) of the Consolidated Farm 
        and Rural Development Act (7 U.S.C. 1941(a)) is amended by 
        adding at the end the following:
            ``(3) Eligibility of wild-caught fish and shellfish.--
        Notwithstanding any other provision of this Act, for purposes 
        of direct and guaranteed farm loans under this subtitle--
                    ``(A) the terms `farmer' and `rancher' shall 
                include an individual or entity engaged in commercial 
                fishing or fish processing; and
                    ``(B) the terms `farm' and `ranch' shall include--
                            ``(i) a commercial fishing vessel; and
                            ``(ii) a fish processing facility.''.
            (2) Purposes.--Section 312 of the Consolidated Farm and 
        Rural Development Act (7 U.S.C. 1942) is amended by adding at 
        the end the following:
    ``(f) Commercial Fishery Participants; Fish Processors.--
            ``(1) Commercial fishery participants.--An individual or 
        entity engaged in commercial fishing may only use a direct or 
        guaranteed loan under this subtitle for the costs associated 
        with operating and maintaining a commercial fishing vessel.
            ``(2) Fish processors.--An individual or entity engaged in 
        fish processing may use a direct or guaranteed loan under this 
        subtitle for the costs associated with operating and 
        maintaining a fish processing facility.''.
    (d) Local Agriculture Market Program.--
            (1) Farmers' markets and local food promotion program.--
        Section 210A(d)(6) of the Agricultural Marketing Act of 1946 (7 
        U.S.C. 1627c(d)(6)) is amended by adding at the end the 
        following:
                    ``(F) Eligibility of wild-caught fish and 
                shellfish.--For purposes of this paragraph--
                            ``(i) an agricultural commodity or product 
                        described in subsection (a)(12) shall include 
                        fish (as defined in section 2101 of title 46, 
                        United States Code) that is caught, taken, or 
                        harvested from the wild; and
                            ``(ii) the eligible activities described in 
                        paragraph (2) shall include domestic seafood 
                        marketing.''.
            (2) Waiver of matching funds requirements.--Section 210A(i) 
        of the Agricultural Marketing Act of 1946 (7 U.S.C. 1627c(i)) 
        is amended by adding at the end the following:
            ``(4) Waiver of matching funds requirements.--The Secretary 
        may waive a requirement for a recipient of a grant under this 
        section to provide matching funds, or reduce the amount of 
        matching funds required to be provided, if the recipient is 
        engaged in commercial fishing or fish processing (as those 
        terms are defined in section 343(a) of the Consolidated Farm 
        and Rural Development Act (7 U.S.C. 1991(a))).''.
    (e) Implementation and Coordination.--
            (1) In general.--Not later than 1 year after the date of 
        enactment of this Act, the Secretary of Agriculture shall take 
        such actions as are necessary to ensure the successful and 
        effective integration of individuals and entities in the 
        commercial fishing industry, including those engaged in 
        commercial fishing or fish processing (as those terms are 
        defined in section 343(a) of the Consolidated Farm and Rural 
        Development Act (7 U.S.C. 1991(a))), into each program of the 
        Department of Agriculture for which those individuals and 
        entities are made eligible under the amendments made by this 
        section.
            (2) Technical assistance and guidance.--In carrying out 
        paragraph (1), the Secretary of Agriculture shall--
                    (A) provide outreach and technical assistance to 
                participants in the commercial fishing industry, 
                including through cooperative agreements and public-
                private and other partnerships, to promote awareness of 
                and access to relevant programs;
                    (B) provide guidance and training to relevant 
                agency personnel of the Department of Agriculture, 
                including through cooperative agreements and public-
                private and other partnerships, to ensure program 
                services are effectively delivered to the commercial 
                fishing industry; and
                    (C) coordinate, as appropriate, with the National 
                Oceanic and Atmospheric Administration and other 
                relevant Federal and State agencies to implement the 
                amendments made by this section.

SEC. 3. 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.''.
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