Hyde-Smith Introduces ‘Save Our Shrimpers Act’ - EUROPE SAYS
Hyde-Smith Introduces ‘Save Our Shrimpers Act’Published 4:00 pm Wednesday, June 24, 2026U. S. Senator Cindy Hyde-Smith (R-Miss. ) today introduced legislation to begin signaling Senate support for an effort to. . .
Hyde-Smith Introduces ‘Save Our Shrimpers Act’Published 4:00 pm Wednesday, June 24, 2026U. S. Senator Cindy Hyde-Smith (R-Miss. ) today introduced legislation to begin signaling Senate support for an effort to protect U. S. shrimpers and processors by barring the use of taxpayer funding to support foreign shrimp farms. TheSave Our Shrimpers Actwould prohibit federal funds from being made available to international financial institutions, such as the International Monetary Fund, for financing activities related to foreign shrimp farming, processing, or exporting. U. S. Representative Troy E. Nehls (R-Texas) authored this bill (HR. 2071), which the House passed overwhelmingly last month. “America’s shrimpers are tough and don’t mind fair competition, but for too long they’ve had to battle heavily subsidized foreign producers operating on an unfair playing field. The fact that U. S. dollars are aiding and abetting that unfair competition is appalling and must come to an end,” Hyde-Smith said. “I commend Congressman Nehls for advancing the Save Our Shrimpers Act through the House, and I’m proud to introduce a companion bill in the Senate that sends a clear message that we’re committed to fighting for America’s shrimping industry. ”Email newsletter signupThe Save Our Shrimpers Act would require the U. S. Department of the Treasury to condition the delivery of any federal funds to an international financial institution on the requirement that the funds not be used to finance any activity related to foreign shrimp operations. While current federal law stipulates that the Treasury Department instruct U. S. executive directors at international monetary institutions to vote against any assistance that facilitates an export commodity surplus that causes injury or harm to United States producers—such as foreign shrimp. Compliance with the law has been lax, with the U. S. only voting for the first time in history against a foreign shrimp aquaculture project in April 2025. Hyde-Smith’s introduction of the Save Our Shrimpers Act aligns with her earlier introduction of theSafer Shrimp Imports Act(S. 667), which would require overseas shrimp facility inspections and require foreign countries wishing to export shrimp to the United States to meet food safety inspection standards equivalent to those of U. S. shrimp producers. The Save Our Shrimpers Act is supported by the Southern Shrimp Alliance (SSA) and other stakeholder organizations in shrimp-producing states, including the Mississippi Commercial Fisheries United, Inc. Tags:EconomyIMFInternational Monetary Fund