American Seafood Competitiveness Act of 2026
The source supplies the latest action, but no lifecycle stage.
Latest action (10 Sep 2026): Referred to the House Committee on Agriculture.
What this bill does
H.R. 10342, the American Seafood Competitiveness Act of 2026, proposes to expand eligibility for certain U.S. Department of Agriculture (USDA) loans and grants. Specifically, it would amend the Consolidated Farm and Rural Development Act to include commercial fishing and fish processing businesses and vessels within the definitions of "farmer," "farming," "farm," and "ranch." This change would allow these businesses to access USDA farm ownership and operating loans, with specific provisions for the types of purchases or improvements eligible for loans.
The bill would also affect the Local Agriculture Market Program by including wild-caught fish in its definition of agricultural commodities and allowing domestic seafood marketing as an eligible activity. Additionally, it proposes to allow the Secretary of Agriculture to waive or reduce matching fund requirements for grants under this program for entities engaged in commercial fishing or fish processing. The bill also includes provisions to extend credit to businesses that provide services to producers or harvesters of aquatic products through the Farm Credit Act.
This bill was introduced in the House of Representatives and referred to the Committee on Agriculture. No further actions have been taken on it since its introduction. If passed by the House, it would then proceed to the Senate for consideration.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
10 Sep 2026
Referred to the House Committee on Agriculture.
Common questions
- What does H.R. 10342 do?
- H.R. 10342, the American Seafood Competitiveness Act of 2026, proposes to expand eligibility for certain U.S. Department of Agriculture (USDA) loans and grants. Specifically, it would amend the Consolidated Farm and Rural Development Act to include commercial fishing and fish processing businesses and vessels within the definitions of "farmer," "farming," "farm," and "ranch." This change would allow these businesses to access USDA farm ownership and operating loans, with specific provisions for the types of purchases or improvements eligible for loans. The bill would also affect the Local Agriculture Market Program by including wild-caught fish in its definition of agricultural commodities and allowing domestic seafood marketing as an eligible activity. Additionally, it proposes to allow the Secretary of Agriculture to waive or reduce matching fund requirements for grants under this program for entities engaged in commercial fishing or fish processing. The bill also includes provisions to extend credit to businesses that provide services to producers or harvesters of aquatic products through the Farm Credit Act. This bill was introduced in the House of Representatives and referred to the Committee on Agriculture. No further actions have been taken on it since its introduction. If passed by the House, it would then proceed to the Senate for consideration.
- Has H.R. 10342 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10342. Check the latest action and official source below.
- Who sponsored H.R. 10342?
- H.R. 10342 was sponsored by Rep. Magaziner, Seth [D-RI-2] (D-RI), with 0 cosponsors.
- What's the latest action on H.R. 10342?
- Referred to the House Committee on Agriculture. (10 Sep 2026).
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