Fishing vessel owners would get easier access to government loans and higher loan amounts.
This bill would make it easier for fishing vessel owners and the seafood industry to get government loans and loan guarantees. It would allow loans for used vessels and for a wider range of activities, and could increase the maximum loan amount for some vessels to 87.5% of their cost. This aims to help the industry finance purchases and upgrades while also adding a conservation review.
Today, government loans and guarantees for fishing vessels have specific rules, and "used" vessels or "seafood related trade" activities are not always explicitly covered. This bill would change that by explicitly allowing loans for used vessels and seafood trade, increasing some loan limits to 87.5 percent of cost, and adding a new conservation review for guarantees. It would also temporarily waive reconstruction requirements for certain large, newer fishing vessels for two years.
HR 7350 · 119th Congress · February 4, 2026 · AI Summary by gemini-2.5-flash · 8/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.