Save Our Shrimpers Act

This bill would require the Department of the Treasury to direct U.S. representatives at international financial institutions to oppose funding for shrimp farming, processing, or export projects in other countries. The Treasury Department could waive this requirement if it notifies Congress that doing so is in the national interest. These restrictions would expire seven years after the bill's enactment.

This bill affects the Department of the Treasury and U.S. representatives 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 and entities seeking financial assistance for shrimp farming, processing, or exporting projects. Additionally, the bill involves Congress, which must be notified if the Treasury Department chooses to waive these restrictions in the national interest.

• Opposition to international financing for shrimp industries. Requires the Department of the Treasury to direct U.S. representatives at international financial institutions to vote against financial assistance for projects involving shrimp farming, processing, or exports.
• National interest waiver authority. Allows the Treasury Department to waive the requirement to oppose a project if it notifies Congress that the waiver serves the national interest of the United States.
• Sunset provision. Establishes that the requirement for U.S. leadership to oppose 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 projects expires seven years after the bill is enacted.

The bill establishes new congressional directives for U.S. representatives within existing international financial institutions, such as the International Monetary Fund and the World Bank, regarding the approval of financial assistance for foreign shrimp industries.

The bill aims to restrict international financial assistance for foreign shrimp industries by requiring U.S. representatives at international financial institutions to oppose funding for shrimp farming, processing, or export projects in borrowing countries.