U.S. money sent to global lending groups could not be used for shrimp farming, processing, or exports in other countries. GAO would also report each year on whether U.S. officials follow existing rules on surplus export goods and minerals.
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Save Our Shrimpers Act is a House bill passed by the House. The latest recorded action: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 391 - 18, 1 Present (Roll no. 156). (text: CR H3352).
Latest action on H.R. 2071: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 391 - 18, 1 Present (Roll no. 156). (text: CR H3352)
Who this affects: This bill mainly affects U.S. shrimp harvesters and processors, foreign shrimp businesses, and U.S. officials who work with global lending groups. U.S. shrimp businesses could face less foreign competition backed by U.S. funds. Foreign shrimp farms, processors, and exporters could lose access to projects supported by U.S.-provided money. Treasury officials and GAO would also have new work to apply the rule and report on it.
Why this matters: This bill matters because U.S. money could no longer help foreign shrimp projects that compete with U.S. shrimp businesses. It could change which seafood and fish-farming projects global lenders support when their funding includes U.S. contributions. It could also give Congress more information about whether U.S. officials oppose aid for export goods and minerals when world markets already have too much supply. The bill does not say how large the market effects would be.
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