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H.R. 2071 · House bill · 119th Congress
This bill prohibits federal funds from being made available to international financial institutions (e.g., the International Monetary Fund) for financing activities related to foreign shrimp farms. The bill also requires an annual report on compliance by U.S. leadership of international financial institutions with policies to oppose financing for certain commodities or minerals.
This Act may be cited as the “Save Our Shrimpers Act”.
(a) In general.— The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2) of the International Financial Institutions Act) to use the voice and vote of the United States to oppose any financial assistance by such institution for any project to support shrimp farming, shrimp processing, or the export of shrimp in a borrowing country.
(b) Waiver authority.— The Secretary of the Treasury may waive subsection (a) with respect to a project upon notifying the Congress that the waiver is in the national interest of the United States.
(c) Expiration.— Subsection (a) shall have no force or effect after the end of the 7-year period beginning on the date of enactment of this Act.