H.R.7350

Fishing Vessel Financing Improvement Act of 2026 amends loan guarantees for fishing vessels and seafood trade.

The Fishing Vessel Financing Improvement Act of 2026 amends title 46 of the United States Code to modify direct loans and loan guarantees for fishing vessels and seafood trade. It increases the principal amount limit for loan guarantees to 87.5 percent of the actual or depreciated cost of a fishing vessel. The bill also allows the Administrator to guarantee obligations for used fishing vessels and fishery facilities. It specifies that these guarantees must be made with funds appropriated after the enactment of the National Defense Authorization Act for Fiscal Year 2026.