S. 4863: Save Our Shrimpers Act

This bill would direct the U.S. Treasury to tell U.S. representatives at international financial institutions, such as the World Bank and similar lenders, to oppose financing for projects connected to shrimp in other countries. Specifically, the U.S. would vote against financial assistance for projects that support shrimp farming, shrimp processing, or shrimp exports in borrowing countries.

What changes this would make

• The Secretary of the Treasury would be required to instruct U.S. executive directors at international financial institutions to use the U.S. vote and influence to block or oppose certain shrimp-related projects.
• This applies only to projects in borrowing countries that involve shrimp production, processing, or export support.
• The Secretary of the Treasury would be allowed to waive this rule for a specific project if the Secretary tells Congress that the waiver is in the national interest of the United States.
• The rule would be temporary and would expire 7 years after enactment.

What it does not do

• It does not directly ban shrimp farming or shrimp imports in the United States.
• It does not change domestic environmental, labor, or food safety rules for shrimp businesses.
• It only affects the U.S. position at international financial institutions when they consider financing certain overseas shrimp-related projects.

Relevant Companies

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