Plain English
GovGreed Synthesis · 2026-05-13
Save Our Shrimpers Act This bill prohibits federal funds from being made available to international financial institutions (e.g., the International Monetary Fund) for financing activities related to foreign shrimp farms. The bill also requires an annual report on compliance by U.S. leadership of international financial institutions with policies to oppose financing for certain commodities or minerals. Specifically, the bill requires the Department of the Treasury to condition any provision of federal funds to an international financial institution on the requirement that the funds not be used to finance any activity related to shrimp farming, shrimp processing, or the export of shrimp in any foreign country. Under current law, Treasury must instruct U.S. leadership of international financial institutions to oppose providing financial assistance for the production or extraction of any commodity or mineral for export if (1) the commodity or mineral is in surplus on world markets, and (2) the export of such commodity or mineral will cause substantial injury to U.S. producers of a competing commodity or mineral (or of the same or a similar commodity or mineral). This bill requires the Government Accountability Office to investigate and annually report to Congress on the extent to which U.S. leadership at these institutions have carried out Treasury's instructions.
Market Impact Map
Action Timeline
2026-03-25
Placed on the Union Calendar, Calendar No. 491.
2026-03-25
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-571.
2026-03-25
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-571.
2026-03-04
Ordered to be Reported by the Yeas and Nays: 42 - 1.
2026-03-04
Committee Consideration and Mark-up Session Held
2025-03-11
Referred to the House Committee on Financial Services.
2025-03-11
Introduced in House
2025-03-11
Introduced in House
Full Bill Text
119 HR 2071 RH: Save Our Shrimpers Act U.S. House of Representatives 2026-03-25 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB Union Calendar No. 491 119th CONGRESS 2d Session H. R. 2071 [Report No. 119–571] IN THE HOUSE OF REPRESENTATIVES March 11, 2025 Mr. Nehls (for himself, Mr. Higgins of Louisiana , Mr. Vicente Gonzalez of Texas , Mr. Carter of Louisiana , Ms. Mace , Mr. Weber of Texas , Mr. Bilirakis , Ms. Letlow , Mrs. Luna , Mr. Murphy , Mr. Rutherford , Mr. Donalds , Mr. Moore of Alabama , Mr. Babin , Mr. Ezell , Mr. Cloud , Mr. Fry , and Mr. Carter of Georgia ) introduced the following bill; which was referred to the Committee on Financial Services March 25, 2026 Additional sponsors: Mr. Haridopolos , Mr. Rouzer , and Mr. Davis of North Carolina March 25, 2026 Reported with amendments, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on March 11, 2025 A BILL To prohibit Federal funds from being made available to international financial institutions for the purposes of financing foreign shrimp farms, and for other purposes. 1. Short title This Act may be cited as the Save Our Shrimpers Act . 2. Voice and vote requirement (a) In general The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2) of the International Financial Institutions Act) to use the voice and vote of the United States to oppose any financial assistance by such institution for any project to support shrimp farming, shrimp processing, or the export of shrimp in a borrowing country. (b) Waiver authority The Secretary of the Treasury may waive subsection (a) with respect to a project upon notifying the Congress that the waiver is in the national interest of the United States. (c) Expiration Subsection (a) shall have no force or effect after the end of the 7-year period beginning on the date of enactment of this Act. Amend the title so as to read: A bill to require the United States Executive Directors at the international financial institutions to oppose certain projects involving shrimp production. . March 25, 2026 Reported with amendments, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
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