Expand USDA Loans for Fishing

Full Title:
American Seafood Competitiveness Act of 2026

Summary#

This bill would amend the Consolidated Farm and Rural Development Act to expand which Department of Agriculture (USDA) loans and grants can be used by fishing and mariculture businesses. The full text and detailed provisions are not publicly available. The bill was introduced in the House by Rep. Seth Magaziner on September 10, 2026, and has been referred to the House Committee on Agriculture. Status: In progress.

What it means for you#

If you operate or work for a fishing or mariculture business, this bill aims to make some USDA farm and rural development loans and grants available to those businesses. No publicly available information describes exact eligibility rules, which programs would change, or when any changes would take effect.

Expenses#

No publicly available information about costs, budget effects, or funding sources for this bill.

Proponents' View#

No publicly available information on supporters' statements, goals, or expected benefits.

Opponents' View#

No publicly available information on opponents' statements or objections.