Skip to main content
S 1962 107th Congress Senate

Capital Construction Fund Qualified Withdrawal Act of 2002

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

Introduced: February 15, 2002 Introduced by: Wyden, Ron Democratic · Oregon 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 fisheries
Sign in to write a letter Sign in to watch
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
Feb 15, 2002
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S908)
Feb 15, 2002
Sponsor introductory remarks on measure. (CR S907-908)
Feb 15, 2002
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action February 15, 2002

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S908)

 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
  • HR 3898 Identical bill Capital Construction Fund Qualified Withdrawal Act of 2002
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Murray, Patty
Washington · Feb 15, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1962: Capital Construction Fund Qualified Withdrawal Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-S-1962/
MLA
"S. 1962: Capital Construction Fund Qualified Withdrawal Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-1962/.
Bluebook (legal)
S. 1962, 107th Cong. (2026), https://openamerica.io/bill/107-S-1962/.
Markdown link
[S. 1962: Capital Construction Fund Qualified Withdrawal Act of 2002](https://openamerica.io/bill/107-S-1962/)
Report a problem