Save Our Shrimpers Act in plain language
1: Short title
This section would give the Act its official name, the Save Our Shrimpers Act.
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1. Short title This Act may be cited as the Save Our Shrimpers Act .
2: Prohibition on making Federal funds available to international financial institutions to finance foreign shrimp farms
This section would require the Secretary of the Treasury to attach a condition whenever the federal government provides funds to an international financial institution, as that term is defined in the International Financial Institutions Act. The condition would be that the funds may not be used to finance any activity relating to shrimp farming, shrimp processing, or the export of shrimp in any foreign country.
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2. Prohibition on making Federal funds available to international financial institutions to finance foreign shrimp farms The Secretary of the Treasury shall condition any provision of Federal funds to an international financial institution (as defined in section 1701(c)(2) of the International Financial Institutions Act) on the requirement that the funds not be used to finance any activity relating to shrimp farming, shrimp processing, or the export of shrimp in any foreign country.
3: Annual GAO report on compliance by the United States Executive Directors at certain international financial institutions with instruction to oppose international financial institution assistance for the production or extraction of export commodities or minerals in surplus on world markets
This section would require the Comptroller General to investigate and report in writing to Congress, within 180 days after the Act becomes law and every year after that, on how far the United States Executive Directors at the international financial institutions named in section 22 of the Export-Import Bank Act Amendments of 1986 have carried out the instructions in that section to oppose international financial institution assistance for producing or extracting export commodities or minerals that are in surplus on world markets.
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3. Annual GAO report on compliance by the United States Executive Directors at certain international financial institutions with instruction to oppose international financial institution assistance for the production or extraction of export commodities or minerals in surplus on world markets Within 180 days after the date of the enactment of this Act and annually thereafter, the Comptroller General shall investigate, and submit to the Congress a written report on, the extent to which the United States Executive Directors at the institutions specified in section 22 of the Export-Import Bank Act Amendments of 1986 have carried out the instructions described in such section.