H.R. 2071: Save Our Shrimpers Act
H.R. 2071 status: Referred.
What this bill does
Overall score
Bill summary
OfficialSave 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...
Key analysis
Impact analysis
Environment
Benefits
- May discourage intensive shrimp farming practices lacking sustainability oversight
Risks
- IFI withdrawal may lead to project funding by entities with lower environmental standards
Economy
Benefits
- Reduces international subsidized competition for domestic shrimpers
- Protects US domestic market share in the seafood sector
Risks
- Potential for increased prices for US consumers of shrimp
- Risk of retaliatory trade measures from affected countries
Society
Benefits
- Supports the economic stability of American shrimping communities
Risks
- Could reduce economic development and food security in developing borrowing nations
How trustworthy & consequential it is
Confidence
highhigh
Information is complete and verified.
Analysis status
Full bill text (Congress.gov)
Source used for this bill's analysis.
Could create diplomatic friction with developing nations heavily reliant on shrimp exports
Focuses only on IFI-funded projects, ignoring private or non-IFI international investment
Where it stands
Introduced
CompleteCommittee
CurrentReferred
Floor
UpcomingEnacted
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