S. 4805: Save Our Shrimpers Act
S. 4805 status: Referred.
What this bill does
Overall score
Bill summary
OfficialSave Our Shrimpers Act This bill requires the Department of the Treasury to instruct U.S. leadership of international financial institutions (e.g., the International Monetary Fund and the World Bank) to oppose providing financial assistance for any project to support shrimp farming, shrimp processing, or the export of ...
Key analysis
Impact analysis
Environment
Benefits
- Potential reduction in large-scale industrial shrimp projects funded by IFIs
Risks
- Risk of shifting demand to less-regulated and potentially more damaging private sector production
Economy
Benefits
- Shields domestic shrimp producers from subsidized foreign competition
- Encourages local industry growth through reduced international price suppression
Risks
- Potential increase in consumer shrimp prices
- Risk of retaliatory trade measures from impacted nations
Society
Benefits
- No direct social benefit identified
Risks
- Limits economic development opportunities for small-scale fisheries in developing nations
- Could disrupt global supply chains relied upon by low-income populations
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.
Potential for higher retail shrimp prices for domestic consumers
Economic impact is highly dependent on how effectively the Treasury utilizes waiver authority
Where it stands
Introduced
CompleteCommittee
CurrentReferred
Floor
UpcomingEnacted
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