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II
118TH CONGRESS
1ST SESSION
S. 1756
To amend the Farm Credit Act of 1971 to support the commercial fishing
industry.
IN THE SENATE OF THE UNITED STATES
MAY 30, 2023
Mr. KING (for himself and Ms. MURKOWSKI) introduced the following bill;
which was read twice and referred to the Committee on Agriculture, Nu-
trition, and Forestry
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 Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Fishing Industry Cred-
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it Enhancement Act of 2023’’.
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SEC. 2. EXTENSION OF CREDIT TO BUSINESSES PROVIDING
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SERVICES TO PRODUCERS OR HARVESTERS
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OF AQUATIC PRODUCTS.
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(a) FARM CREDIT BANKS.—
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•S 1756 IS
(1) ELIGIBILITY FOR CREDIT AND FINANCIAL
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SERVICES.—Section 1.9 of the Farm Credit Act of
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1971 (12 U.S.C. 2017) is amended—
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(A) in paragraph (2), by striking ‘‘or’’ at
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the end;
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(B) by redesignating paragraph (3) as
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paragraph (4); and
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(C) by inserting after paragraph (2) the
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following:
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‘‘(3) persons furnishing to producers or har-
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vesters of aquatic products services directly related
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to their operating needs; or’’.
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(2) PURPOSES FOR EXTENSIONS OF CREDIT.—
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Section 1.11(c)(1) of the Farm Credit Act of 1971
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(12 U.S.C. 2019(c)(1)) is amended by inserting
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‘‘and to persons furnishing services directly related
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to the operating needs of producers or harvesters of
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aquatic products’’ after ‘‘needs’’.
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(b) PRODUCTION CREDIT ASSOCIATIONS.—Section
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2.4(a) of the Farm Credit Act of 1971 (12 U.S.C.
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2075(a)) is amended—
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(1) in paragraph (2), by striking ‘‘and’’ at the
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end;
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(2) in paragraph (3), by striking the period at
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the end and inserting ‘‘; and’’; and
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•S 1756 IS
(3) by adding at the end the following:
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‘‘(4) persons furnishing to producers or har-
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vesters of aquatic products services directly related
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to their operating needs.’’.
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Æ
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