Angus King (I-ME)
Fishing Industry Credit Enhancement Act of 2025
A bill from an independent · See all 8 cosponsors
Last activity — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, known as the "Fishing Industry Credit Enhancement Act of 2025," aims to amend the Farm Credit Act of 1971. The primary goal is to provide more support for the commercial fishing industry. It does this by expanding the types of people eligible for credit and financial services through Farm Credit Banks and Production Credit Associations. Specifically, it targets those who provide services directly related to the operating needs of producers or harvesters of aquatic products.
Yes· 3 of 7
- Scored +5
Would business owners be better off under this?
The bill provides significant financial support and credit accessibility for businesses servicing the fishing industry.
- Scored +5
Does this make it easier to run a small business?
The bill specifically assists businesses providing services to the fishing industry by expanding their access to credit.
- Scored +4
Would farmers be better off under this?
Expanding credit access to the aquatic products sector aligns with the support provided to traditional agricultural producers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Expanded Credit Eligibility: The bill changes the eligibility rules for Farm Credit Banks to include persons furnishing services directly related to the operating needs of producers or harvesters of aquatic products (Section 2(a)(1)). This could provide more financial options for those supporting the fishing industry.
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Increased Support for Service Providers: By amending the purposes for extensions of credit, the bill allows for credit to be extended to persons furnishing services directly related to the operating needs of producers or harvesters of aquatic products (Section 2(a)(2)). This provides a way for service-oriented businesses in the aquatic product industry to access financial services.
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Access via Production Credit Associations: The bill amends the eligibility for Production Credit Associations to include persons furnishing services directly related to the operating needs of producers or harvesters of aquatic products (Section 2(b)(3)). This provides an additional avenue for financial support within the industry's service network.
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill provides significant financial support and credit accessibility for businesses servicing the fishing industry. Would farmers be better off under this? — Expanding credit access to the aquatic products sector aligns with the support provided to traditional agricultural producers. Would people in rural areas be better off under this? — Strengthening the commercial fishing industry can benefit rural coastal communities.
- Economy And Finance
- Does this make it easier to run a small business? — The bill specifically assists businesses providing services to the fishing industry by expanding their access to credit. Is this likely to grow the economy? — Enhanced financial services for the fishing industry support economic activity in the aquatic products sector. Is this likely to create jobs? — Expanding credit access to service providers in the fishing industry can support business growth and job creation.
- Environment Energy And Infrastructure
- Does this invest in rural communities? — Expanding credit for the fishing industry can bolster economic stability in coastal and rural areas.
- 12/18/2025
- 1 Cosponsor added.
- 12/3/2025
- 1 Cosponsor added.
- 4/3/2025
- 1 Cosponsor added.
- 3/31/2025
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 5 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Lisa Blunt RochesterDemocrat · Delaware
Susan CollinsRepublican · Maine
Christopher CoonsDemocrat · Delaware
Cindy Hyde-SmithRepublican · Mississippi
Lisa MurkowskiRepublican · Alaska
Christopher MurphyDemocrat · Connecticut
Jon OssoffDemocrat · Georgia
Dan SullivanRepublican · Alaska