Official Summaries

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.

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2071 Referred in Senate (RFS)]

<DOC>
119th CONGRESS
  2d Session
                                H. R. 2071


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 13, 2026

Received; read twice and referred to the Committee on Foreign Relations

_______________________________________________________________________

                                 AN ACT


 
 To require the United States Executive Directors at the international 
  financial institutions to oppose certain projects involving shrimp 
                              production.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Save Our Shrimpers Act''.

SEC. 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.

            Passed the House of Representatives May 12, 2026.

            Attest:

                                             KEVIN F. MCCUMBER,

                                                                 Clerk.