Save Our Shrimpers Act

The Save Our Shrimpers Act would restrict how federal funds are used by international financial institutions like the International Monetary Fund. Specifically, it would prohibit these institutions from using any U.S. federal funds to finance activities related to shrimp farming, shrimp processing, or shrimp exports in foreign countries. The bill has passed committee review and is eligible for a floor vote in the House.

The bill also requires the Government Accountability Office to conduct annual investigations and report to Congress on whether U.S. leadership at these international institutions is following Treasury Department instructions to oppose financing for commodities or minerals that are in surplus on world markets and could harm U.S. producers. If enacted, this legislation could affect how international development financing is allocated and may be intended to protect domestic shrimp producers from foreign competition funded by international institutions that receive U.S. contributions.