Pacific Coast Groundfish Fishery Preservation Act
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Amends the Merchant Marine Act, 1936 to make a fund termination and withdrawal from the (nontaxable) capital construction fund a qualified withdrawal if done in exchange for the retirement of a commercial fishing permit and vessel. Amends the Internal Revenue Code respecting such funds to: (1) consider a withdrawal made for payment of an industry fee authorized by this Act a qualified (nontaxable) withdrawal; and (2) permit fund rollover into an individual retirement account (IRA).
Referred to National Oceanic & Atmosperic Administration (Department of Commerce) for report.
- Introduced in House Formatted Text PDF
Cite this page
U.S. Congress. (2026). H.R. 2376: Pacific Coast Groundfish Fishery Preservation Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-2376/
"H.R. 2376: Pacific Coast Groundfish Fishery Preservation Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-2376/.
H.R. 2376, 107th Cong. (2026), https://openamerica.io/bill/107-HR-2376/.
[H.R. 2376: Pacific Coast Groundfish Fishery Preservation Act](https://openamerica.io/bill/107-HR-2376/)