This bill, the Save Our Shrimpers Act, would require the Secretary of the Treasury to condition any U.S. federal funds given to an international financial institution on a rule that the funds not be used to finance shrimp farming, shrimp processing, or the export of shrimp in any foreign country. The bill also directs the Comptroller General (GAO) to investigate and send Congress a written report within 180 days of enactment and annually after that. The report must cover the extent to which United States Executive Directors at certain international financial institutions have followed instructions described in section 22 of the Export-Import Bank Act Amendments of 1986 about opposing assistance for production or extraction of export commodities or minerals that are in surplus on world markets.
If this bill becomes law, U.S. funds provided to international financial institutions would carry a condition preventing those institutions from using the funds for shrimp-related activities abroad. The bill text does not change domestic fisheries programs, taxes, or benefits. It also creates a requirement for an annual GAO report about U.S. executive directors' actions at specified institutions.
No publicly available information on budgetary effects or estimated costs in the bill text or provided metadata.
No publicly available information.
No publicly available information.