H.R. 5164: Promoting American Competition in Aquaculture Research Act

This bill, known as the Promoting American Competition in Aquaculture Research Act, aims to amend existing legislation related to aquaculture assistance. The main objectives of the bill are:

1. Reauthorization of Aquaculture Assistance Programs

The bill seeks to continue funding for aquaculture assistance programs by authorizing $15 million for each fiscal year from 2026 through 2030. This funding is meant to support research and development in the aquaculture sector, which involves farming fish, shellfish, and aquatic plants.

2. Changes to Indirect Costs

The bill proposes changes concerning the treatment of indirect costs associated with aquaculture assistance. Indirect costs are expenses that cannot be directly attributed to a specific project or activity but are necessary for the general operation of the organization. The amendments include:

• Clarification of Indirect Cost Limitations: The limitation on indirect costs under existing legislation will apply to awards made under this bill, meaning that the funding may be restricted in how much can be used for indirect expenses.
• Exemption from Certain Limitations: Awards under this bill would not be subject to previous limitations regarding indirect costs, allowing for more flexibility in how funding can be utilized.

Overall Purpose

The overall goal of the bill is to enhance support for aquaculture research and ensure that funding is available for the growing aquaculture industry in the United States. This is indicative of an effort to promote competition and innovation in aquaculture practices, thereby potentially increasing domestic production of seafood.

Relevant Companies

• TSN (Tyson Foods, Inc.) - As a major player in the protein sector, any increase in aquaculture could impact its supply chain and product offerings.
• FISCHER (Fischer & Company) - Companies involved in marine biology research and aquaculture technologies may benefit from increased funding.