Not in the US, no. The idea is to prevent its spread into the US before it can ever happen as there has been an attempt to get one running in Spain. From the article:

The legislation comes as scientists and animal advocates express outrage over a plan by a large seafood company in Spain to farm octopuses on an unprecedented scale to harvest them for seafood. Whitehouse became aware of the company’s plan through the NPR story, according to the senator’s office.

There are no current reports of plans for an industrial octopus farm in the U.S. But Whitehouse said he and the bill’s other co-author, Sen. Lisa Murkowski, R-Alaska, decided to act preemptively, to “prevent U.S. companies from participating in this brutal practice before it takes root”