Save Our Shrimpers Act

This bill would direct the Department of the Treasury to instruct U.S. representatives at international financial institutions to oppose funding for projects involving shrimp farming, processing, or exports in borrowing countries. The Treasury Department would be permitted to waive this restriction if it notifies Congress that doing so serves the national interest. These requirements would remain in effect for seven years following the bill's enactment.

This bill affects the Department of the Treasury and U.S. leadership at international financial institutions, such as the International Monetary Fund and the World Bank, who would be required to oppose certain shrimp-related funding. It also impacts foreign countries seeking financial assistance for projects involving shrimp farming, processing, or exports. Additionally, the domestic shrimp industry is affected by the restriction of international subsidies to foreign competitors.

• Opposition to international shrimp industry financing. The Department of the Treasury must direct U.S. representatives at international financial institutions to vote against financial assistance for projects involving shrimp farming, processing, or exports in borrowing nations.
• National interest waiver authority. The Treasury Department may waive the requirement to oppose a project if it notifies Congress that doing so serves the national interest of the United States.
• Sunset of requirements. The mandate for U.S. leadership to oppose international shrimp-related financial assistance expires seven years after the bill is enacted.

The requirement for the Department of the Treasury to oppose financial assistance for foreign shrimp-related projects expires seven years after the date of the bill's enactment.

The bill establishes new directives for U.S. representatives within existing international financial institutions, such as the International Monetary Fund and the World Bank, to influence the lending and project-funding policies of those organizations.

The bill aims to restrict international financial institutions from providing funding for foreign shrimp farming, processing, or export projects by requiring U.S. leadership to oppose such assistance for a period of seven years.