Shrimp Importation Financing Fairness Act

Summary

Shrimp Importation Financing Fairness Act - Prohibits the Secretary of Commerce from imposing any new restrictive regulations on the domestic shrimping industry. Prohibits the Overseas Private Investment Corporation from issuing any contract of insurance or reinsurance or any guaranty, or from entering into any agreement to provide financing for a project undertaken or to be undertaken in a country which exported more than 20 million pounds (excessive amounts) of shrimp to the United States in the first six months of 2002, until three months after it has reduced its shrimp exports to less than three million pounds per month for three consecutive months. Requires the Secretary of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund to use the voice, vote, and influence of the United States to oppose providing assistance to any foreign country that exported excessive amounts of shrimp to the United States in the first six months of 2002, until it fulfills the requirements of this Act. Authorizes the Secretary to reduce the amount of U.S. contributions to the Fund according to a specified formula if, during the first such three-month period, the Fund provides assistance to any such country. Prohibits the Export-Import Bank of the United States from providing assistance to any country that exported excessive amounts of shrimp to the United States in the first six months of 2002, until it fulfills the requirements of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 8 October 2002

   Introduced

   Introduced in House

   Source: IntroReferral

2. 8 October 2002

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 October 2002

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on Resources, and International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

4. 8 October 2002

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on Resources, and International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

5. 8 October 2002

   Introduced

   Sponsor introductory remarks on measure. (CR E1797-1798)

   Source: IntroReferral

6. 16 October 2002

   Referred

   Referred to the Subcommittee on Fisheries Conservation, Wildlife and Oceans.

   Source: Committee

7. 21 October 2002

   Referred

   Referred to the Subcommittee on International Monetary Policy and Trade.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 October 2002 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 October 2002

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 October 2002

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 8 October 2002

  Open at official source

Sponsors

• Rep. Paul, Ron [R-TX-22] · R · Sponsor
• Rep. Kingston, Jack [R-GA-1] · R · Sponsor
• WALTER JONES · R · Sponsor
• Rep. Ortiz, Solomon P. [D-TX-27] · D · Cosponsor
• · hsba00 · Standing
• · hsii00 · Standing
• · hsfa00 · Standing

Related records

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