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HR 3898 107th Congress House

Capital Construction Fund Qualified Withdrawal Act of 2002

Official title: To provide for qualified withdrawals from the Capital Construction Fund for fishermen leaving the industry and for the rollover of Capital Construction Funds to individual retirement plans.

Introduced: March 7, 2002 See on congress.gov
Taxation Administrative procedureBusiness income taxCommerceDepartment of Commerce
More subjectsShow fewer subjects
FeesFisheriesFishing boatsGovernment Operations and PoliticsIncome taxIndividual retirement accountsLabor and EmploymentLawLicensesMarine and coastal resources, fisheriesMerchant seamenOverfishingPersonal income taxShipbuilding subsidiesSustainable fisheriesTax deferralTax exclusionTransportation and Public Works
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2002
Executive Comment Requested from Maritime Administration.
Mar 7, 2002
Referred to the Committee on Ways and Means, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 7, 2002
Introduced in House
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 Latest action April 5, 2002

Executive Comment Requested from Maritime Administration.

 Plain-English summary Congressional Research Service
Capital Construction Fund Qualified Withdrawal Act of 2002 - Amends the Merchant Marine Act and the Internal Revenue Code to permit as qualified withdrawals from fishing capital construction funds money used by retiring fishermen for the following purposes: (1) retiring an owner's commercial fishing vessels and related commercial fishing permits; (2) making a rollover contribution into an owner's individual retirement plan; and (3) making a payment of an industry fee authorized by the fishing capacity reduction program.
 Related & companion bills 1
  • S 1962 Identical bill Capital Construction Fund Qualified Withdrawal Act of 2002
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1
CHRISTENSEN, DONNA
· Apr 30, 2002
 D
Thompson, Mike
California · Mar 7, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3898: Capital Construction Fund Qualified Withdrawal Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-HR-3898/
MLA
"H.R. 3898: Capital Construction Fund Qualified Withdrawal Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-3898/.
Bluebook (legal)
H.R. 3898, 107th Cong. (2026), https://openamerica.io/bill/107-HR-3898/.
Markdown link
[H.R. 3898: Capital Construction Fund Qualified Withdrawal Act of 2002](https://openamerica.io/bill/107-HR-3898/)
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