American Seafood Competitiveness Act of 2026

(a) Farm credit banks

(1) Eligibility for credit and financial services. Section 1.9 of the Farm Credit Act of 1971 (12 U.S.C. 2017) is amended—

(A) in paragraph (2), by striking or at the end;

(B) by redesignating paragraph (3) as paragraph (4); and

(C) by inserting after paragraph (2) the following:

(2) Purposes for extensions of credit. Section 1.11(c)(1) of the Farm Credit Act of 1971 (12 U.S.C. 2019(c)(1)) is amended by inserting and to persons furnishing services directly related to the operating needs of producers or harvesters of aquatic products after needs.

(b) Production credit associations. Section 2.4(a) of the Farm Credit Act of 1971 (12 U.S.C. 2075(a)) is amended—

(1) in paragraph (2), by striking and at the end;

(2) in paragraph (3), by striking the period at the end and inserting ; and; and

(3) by adding at the end the following: