Expand financial support for fishing communities by creating access to credit enhancement for businesses that directly support fishing operations.

The Fishing Industry Credit Enhancement Act would allow businesses that provide direct assistance to fishing operations—like gear producers or cold storage—to access…

Pingree introduced legislation to make it easier for support businesses serving fishing operations to obtain financing.

Supporting Maine Lobstermen | U.S. Representative Chellie Pingree
primary · other · model gpt-5.4-mini

Congresswoman Chellie Pingree and Senator Angus King introduced the Fishing Industry Credit Enhancement Act, described as legislation to expand financial support for fishing communities. The release says the bill would let businesses that directly support fishing operations—such as gear producers and cold storage—access loans from the Farm Credit System.

Clear formal introduction of the campaign commitment in Pingree’s office materials; this is concrete legislative action but not enactment.

partial same_term A for effort

King, Pingree Lead Bipartisan, Bicameral Effort to Support Fishing Communities | U.S. Representative Chellie Pingree
secondary · model gpt-5.4-mini · confidence 98%

H.R. 2518 was introduced by Rep. Pingree on 03/31/2025, referred to the House Committee on Agriculture, and then on 04/18/2025 was referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. The tracker status remains Introduced.

Official congressional record confirms the bill exists and has only advanced to subcommittee referral; no passage or final delivery is shown.

unresolved same_term A for effort

All Info - H.R.2518 - 119th Congress (2025-2026): Fishing Industry Credit Enhancement Act of 2025 | Congress.gov | Library of Congress
secondary · model gpt-5.4-mini · confidence 99%

The Senate companion, S. 1217, was introduced on 03/31/2025 by Sen. King and states its purpose is 'to amend the Farm Credit Act of 1971 to support the commercial fishing industry.' It was read twice and referred to the Senate Committee on Agriculture, Nutrition, and Forestry.

Companion bill introduction supports that the proposal was actively pursued in both chambers, but it also shows the effort remained in committee and was not delivered as enacted policy.

unresolved same_term A for effort

Text - S.1217 - 119th Congress (2025-2026): Fishing Industry Credit Enhancement Act of 2025 | Congress.gov | Library of Congress
secondary · model gpt-5.4-mini · confidence 97%

Pingree's office said King and Pingree introduced legislation to expand financial support for fishing communities and allow fishing-support businesses to access Farm Credit System loans.

Official Pingree material shows concrete action matching the promise: a bipartisan, bicameral bill to let businesses directly supporting fishing operations use Farm Credit System lending.

partial same_term A for effort

King, Pingree Lead Bipartisan, Bicameral Effort to Support Fishing Communities | U.S. Representative Chellie Pingree
secondary · model gpt-5.5 · confidence 98%

GovInfo text shows Pingree introduced H.R. 2518; the bill would add persons furnishing aquatic-product services directly related to operating needs.

Official bill text confirms the proposal would create the credit eligibility described in the promise for businesses serving producers or harvesters of aquatic products.

partial same_term A for effort

H.R. 2518 Introduced in House - Fishing Industry Credit Enhancement Act of 2025 | GovInfo
secondary · model gpt-5.5 · confidence 99%

Congress.gov lists Pingree as sponsor, status Introduced, and latest action as referral to the House Agriculture subcommittee on April 18, 2025.

Official congressional action history shows H.R. 2518 had not passed the House, passed the Senate, gone to the President, or become law; it remained introduced/referred, so the policy outcome was not delivered.

never same_term A for effort

Actions - H.R.2518 - 119th Congress (2025-2026): Fishing Industry Credit Enhancement Act of 2025 | Congress.gov
secondary · model gpt-5.5 · confidence 99%

Congress.gov lists S.1217 as an identical bill sponsored by Sen. King, with status Introduced and referral to Senate Agriculture on March 31, 2025.

The Senate companion supports that the effort was bicameral, but the official record also shows the companion did not advance beyond committee referral, so enactment was not achieved there either.

never same_term A for effort

All Info - S.1217 - 119th Congress (2025-2026): Fishing Industry Credit Enhancement Act of 2025 | Congress.gov
secondary · model gpt-5.5 · confidence 98%

The current U.S. Code section 2019 text, effective June 20, 2026, limits farm-related service lending to services for farmers and ranchers.

Current statutory text does not include H.R. 2518's proposed addition for persons furnishing services directly related to producers or harvesters of aquatic products, supporting that the promised expansion was not enacted.

never same_term A for effort

12 USC 2019: Purposes for extensions of credit | U.S. Code
secondary · model gpt-5.5 · confidence 96%

The current U.S. Code section 2075 text, effective June 17, 2026, lists eligible borrowers without adding fishing-support service businesses.

Because the production-credit-association eligibility statute still lacks the proposed category for persons furnishing services to aquatic producers or harvesters, the promised access to credit was not delivered in law.

never same_term A for effort

12 USC 2075: Short- and intermediate-term loans; participation; other financial assistance; terms; conditions; interest; security | U.S. Code
secondary · model gpt-5.5 · confidence 96%