King, Murkowski Introduce Legislation to Strengthen American Fisheries

March 27, 2026
WASHINGTON, D.C. – U.S. Senators Angus King (I-ME) and Lisa Murkowski (R-AK) have introduced legislation to strengthen the American seafood industry by treating it the same as the nation’s farmlands. The American Seafood Competitiveness Act would expand access to U.S. Department of Agriculture (USDA) loan and grant programs for commercial fishermen, seafood processors, and mariculture-related businesses. The legislation would also expand Farm Credit eligibility to businesses providing services to fisherman and fish processors.
“Whether your crops have seeds or scales, America’s food producers are essential to our economy and food supply, so we should seek economic parity for the men and women who work in the seafood industry,” said Senator King. “The American Seafood Competitiveness Act would help level the playing field and ensure our lobstermen and shellfish growers have access to the resources they need to grow and compete. That way, we can ensure the ‘Way Life Should Be’ for generations to come.”
“In Alaska, agriculture isn’t just cattle and livestock in Delta Junction or carrot farms in Palmer—it also includes kelp farms in Douglas, oyster operations on Prince of Wales Island, and gillnetters in Bristol Bay harvesting our world-class salmon,” said Senator Murkowski. “These uniquely Alaska enterprises have been left out of some of America’s agricultural landscape, yet they play a vital role in our food security across the state. It’s past time our fishing and mariculture industries can access the same financing opportunities as farmers in the heartland.”
More specifically the American Seafood Competitiveness Act would:
The American Seafood Competitiveness Act would recognize the seafood industry’s role as “farmers of the sea” by ensuring they have the same opportunities as traditional farmers.
Senator King is a longtime supporter of Maine’s lobster and seafood industry and has worked to ensure Maine fishermen have the same access to federal support as traditional farmers. Last year, he led the Fishing Industry Credit Enhancement Act ( FICA) which would allow businesses that provide direct assistance to fishing operations—like gear producers or cold storage—to access loans from the Farm Credit System (FCS) that are already offered to service providers for farmers, ranchers and loggers. The American Seafood Competitiveness Act includes the assistance programs from FICA in addition to the other proposed programs that extend economic aid to fish and seafood businesses.