H.R.2071 - Save Our Shrimpers Act (119th Congress)
Summary
H.R.2071, the "Save Our Shrimpers Act," aims to protect the domestic shrimp industry by prohibiting federal funds from being used by international financial institutions to finance foreign shrimp farms, processing, or export activities. The bill also mandates an annual GAO report on the compliance of U.S. Executive Directors at certain international financial institutions with instructions to oppose assistance for the production or extraction of export commodities or minerals in surplus on world markets.
The bill seeks to ensure that U.S. taxpayer money does not inadvertently support foreign competition that could harm American shrimpers. This is achieved by placing conditions on the provision of federal funds to international financial institutions.
The Act also requires increased oversight and reporting on the actions of U.S. representatives within these institutions.
Expected Effects
If enacted, H.R.2071 would restrict the flow of U.S. federal funds to international financial institutions for projects that support foreign shrimp industries. This could lead to a reduction in foreign shrimp production and exports, potentially increasing the market share and profitability of domestic shrimpers.
The annual GAO report would increase transparency and accountability regarding the U.S.'s stance on international financial assistance for surplus commodities.
However, it could also strain relationships with international partners and impact development projects in foreign countries.
Potential Benefits
- Protects the economic interests of American shrimpers by reducing foreign competition.
- Increases transparency and accountability in the use of U.S. federal funds by international financial institutions.
- Supports domestic job creation and economic growth within the U.S. shrimp industry.
- Potentially improves the sustainability of shrimp farming practices by limiting financial support to foreign farms with less stringent environmental standards.
- Reinforces the U.S.'s commitment to supporting its domestic industries.
Potential Disadvantages
- May strain diplomatic relations with countries whose shrimp industries are affected.
- Could limit the ability of international financial institutions to support economic development in developing countries.
- May lead to retaliatory measures from other countries, impacting other U.S. industries.
- Could increase the cost of shrimp for American consumers if domestic supply cannot meet demand.
- The GAO report requirement adds an administrative burden and cost to the government.
Most Disadvantaged Areas:
Constitutional Alignment
The bill appears to align with the constitutional power of Congress to regulate commerce with foreign nations (Article I, Section 8, Clause 3). It also relates to Congress's power to appropriate funds (Article I, Section 9, Clause 7) and set conditions on how those funds are used.
There are no apparent conflicts with individual liberties or rights protected by the Bill of Rights. The bill does not appear to infringe upon any specific constitutional provisions.
However, the potential impact on international relations could be considered in light of the President's role in foreign policy (Article II, Section 2).
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).