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US HB2071
Bill
Status
3/11/2025
Primary Sponsor
Troy Nehls
Click for details
AI Summary
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Prohibits federal funds provided to international financial institutions from being used to finance shrimp farming, shrimp processing, or shrimp exports in any foreign country
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Requires the Secretary of the Treasury to condition federal funding to international financial institutions on compliance with the shrimp financing restriction
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Mandates the Government Accountability Office (GAO) to submit an initial report to Congress within 180 days of enactment, then annually thereafter
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GAO reports must assess whether U.S. Executive Directors at international financial institutions are complying with existing instructions to oppose assistance for production or extraction of export commodities in surplus on world markets
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Introduced March 11, 2025, with bipartisan support from 18 cosponsors, primarily representing Gulf Coast states (Texas, Louisiana, Florida, Georgia)
Legislative Description
Save Our Shrimpers Act
Foreign trade and international finance
Last Action
Ordered to be Reported by the Yeas and Nays: 42 - 1.
3/4/2026