Bill blocks World Bank loans for foreign shrimp farms for seven years.

What it does

The bill tells U.S. Treasury officials to vote against World Bank loans. The loans would be for shrimp farming, processing, or export in other countries. The ban lasts seven years. The Treasury Secretary can waive the ban if needed.

Who it affects

U.S. shrimp producers benefit from less foreign competition. U.S. shrimp consumers may pay higher prices. People in other countries may have fewer loans to start shrimp farms.

One thing to notice

The bill uses U.S. voting power at the World Bank to help one U.S. industry. This may raise shrimp prices for U.S. shoppers.

From the analysis of the bill text, linked under Primary records below.

Where it stands

20 cosponsors: 17 Republicans, 3 Democrats.

• Mar 11, 2025 — Introduced · Congress.gov: “Introduced in House”
• Mar 11, 2025 — Referred to House Committee on Financial Services and Senate Committee on Foreign Relations · Congress.gov: “Referred to the House Committee on Financial Services”
• Mar 4, 2026 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
• Mar 4, 2026 — Reported out of committee · Congress.gov: “Ordered to be Reported by the Yeas and Nays: 42 - 1”
• May 12, 2026 — Passed the House · Congress.gov: “On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required)…”
• May 12, 2026 — Floor vote scheduled · Congress.gov: “Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended”

Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.

Money around this bill

2 groups reported lobbying about this bill. They filed 2 reports from Jun 2026 to Jun 2026.

Those reports show $835,000 in lobbying spending. Each report lists about 34 bills. So that money was not all for this bill.

More groups named this bill than 41% of bills with any report.

Troy Nehls, who sponsored the bill, received $199,300 from PACs for the 2026 election.

• National Restaurant Association — $790,000 in 1 report
• Southern Shrimp Alliance — $45,000 in 1 report

Lobbying is legal. These reports show who lobbied about this bill, not what changed.

Words to know

• World Bank — An international bank that lends money to countries for development projects.
• waive — To let someone skip a rule or requirement in a special case.
• Treasury — The U.S. government department that handles money and finances.
• lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
• PACs — Groups that collect money and give it to candidates for office.
• sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.