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S 973 107th Congress Senate

Pacific Coast Groundfish Fishery Preservation Act

Official title: A bill to expedite relief provided under the Magnuson-Stevens Fishery Conservation and Management Act for commercial fishery failure in the Pacific Coast Groun… Show full official titleShow less

Official title: A bill to expedite relief provided under the Magnuson-Stevens Fishery Conservation and Management Act for commercial fishery failure in the Pacific Coast Groundfish Fishery, to improve fishery management and enforcement in that fishery, and for other purposes.

Introduced: May 25, 2001 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
Public Lands and Natural Resources Administrative procedureAgriculture and FoodAnimalsBusiness income tax
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CaliforniaCharitable contributionsCharitiesClaimsCollection of accountsCommerceCompensation (Law)CongressCongressional reporting requirementsDepartment of CommerceDisaster reliefEconomics and Public FinanceEmergency ManagementExecutive ordersFederally-guaranteed loans
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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
May 25, 2001
Read twice and referred to the Committee on Commerce, Science, and Transportation. (text of measure as introduced: CR S5705-5706)
May 25, 2001
Introduced in Senate
May 25, 2001
Sponsor introductory remarks on measure. (CR S5704-5705)
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 Latest action May 25, 2001

Read twice and referred to the Committee on Commerce, Science, and Transportation. (text of measure as introduced: CR S5705-5706)

 Plain-English summary Congressional Research Service
Pacific Coast Groundfish Fishery Preservation Act - Directs the Secretary of Commerce to: (1) initiate a pilot project under which fishermen covered by the West Coast groundfish fishery may make charitable donations of fishery bycatch; (2) report on specified actions to provide disaster relief to fishing communities affected by the commercial failure in the Pacific Coast groundfish fishery; and (3) implement an expedited capacity reduction plan for such fishery, including a buyback of fishing permits and vessels, and establishment of an industry fee system to be collected by California, Oregon, and Washington and forwarded to the Secretary.

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).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 973: Pacific Coast Groundfish Fishery Preservation Act. 107th Congress. Open America. https://openamerica.io/bill/107-S-973/
MLA
"S. 973: Pacific Coast Groundfish Fishery Preservation Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-973/.
Bluebook (legal)
S. 973, 107th Cong. (2026), https://openamerica.io/bill/107-S-973/.
Markdown link
[S. 973: Pacific Coast Groundfish Fishery Preservation Act](https://openamerica.io/bill/107-S-973/)
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