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S 313 107th Congress Senate

Farm, Fishing, and Ranch Risk Management Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide for Farm, Fishing, and Ranch Risk Management Accounts, and for other purposes.

Introduced: February 13, 2001 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Taxation Agricultural productionAgriculture and FoodBusiness income taxCommerce
More subjectsShow fewer subjects
Excise taxFarm incomeFarmersFinance and Financial SectorFinancial statementsFisheriesFishing boatsGovernment Operations and PoliticsGovernment paperworkIncome taxLawMarine and coastal resources, fisheriesTax deductionsTax deferralTax exclusion
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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
Feb 13, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1334-1335)
Feb 13, 2001
Sponsor introductory remarks on measure. (CR S1331)
Feb 13, 2001
Introduced in Senate
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 Latest action February 13, 2001

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1334-1335)

 Plain-English summary Congressional Research Service
Farm, Fishing, and Ranch Risk Management Act - Amends the Internal Revenue Code to allow an individual involved in an eligible farming or commercial fishing business to make a deductible contribution up to 20 percent of his or her farming or fishing taxable income to a Farm, Fishing, and Ranch Risk Management Account (FFARRM Account).

States that: (1) Account distributions may not be used to add capacity or contribute to the overcapitalization of any fishery; (2) Account contributions shall not reduce self-employment net earnings; (3) Account distributions (other than income attributed to the Account) shall be includible in gross income, including deposits not distributed within five years.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 313: Farm, Fishing, and Ranch Risk Management Act. 107th Congress. Open America. https://openamerica.io/bill/107-S-313/
MLA
"S. 313: Farm, Fishing, and Ranch Risk Management Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-313/.
Bluebook (legal)
S. 313, 107th Cong. (2026), https://openamerica.io/bill/107-S-313/.
Markdown link
[S. 313: Farm, Fishing, and Ranch Risk Management Act](https://openamerica.io/bill/107-S-313/)
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