United StatesRequires U.S. officials to oppose international financing for shrimp projects
This changes U.S. voting at global development banks and could limit financing for shrimp aquaculture projects in low- and middle-income countries.
What it does
Requires the Treasury Secretary to instruct U.S. Executive Directors at international financial institutions to oppose financing for shrimp farming, shrimp processing, or shrimp export projects in borrowing countries.
Allows the Secretary of the Treasury to waive the opposition for a specific project if the Secretary notifies Congress that the waiver is in the national interest.
Makes the opposition rule temporary by automatically ending its effect seven years after enactment.
Specifies applicability at each "international financial institution" as defined in the International Financial Institutions Act.
Argument forReduces foreign competition pressure on U.S. shrimpers by blocking IFI-financed projects that could expand foreign shrimp production and exports.
Argument againstBlocking IFI financing can harm economic development and jobs in borrowing countries that rely on aquaculture and related processing.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 17Introduced in SenateLatest
- Jun 17Read twice and referred to the Committee on Foreign Relations.Introduced
AgricultureForeign PolicyConsumer Protection