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HR 2360 108th Congress House

Capital Construction Fund Qualified Withdrawal Act of 2003

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 t… Show full official titleShow less

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, and for other purposes.

Introduced: June 5, 2003 See on congress.gov
Taxation Administrative procedureCommerceDepartment of CommerceEquipment and supplies
More subjectsShow fewer subjects
FeesFisheriesFishery managementFishing boatsGovernment Operations and PoliticsIncome taxIndividual retirement accountsLabor and EmploymentLawLicensesMarine and coastal resources, fisheriesMarine safetyMerchant seamenOverfishingShipbuildingSubsidiesSustainable fisheriesTax deferralTax exclusionTransportation and Public Works
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 5, 2003
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.
Jun 5, 2003
Introduced in House
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 Latest action June 5, 2003

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.

 Plain-English summary Congressional Research Service
Capital Construction Fund Qualified Withdrawal Act of 2003 - 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) paying the net proceeds to a person retiring related commercial fishing vessels and permits; (2) making a rollover contribution into an owner's individual retirement plan; (3) making a payment of an industry fee authorized by the fishing capacity reduction program; and (4) acquiring a vessel monitoring system or the aquisition or construction of fishing gear designed to minimize or avoid bycatch.
 Related & companion bills 1
  • S 1193 Identical bill Capital Construction Fund Qualified Withdrawal Act of 2003
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1
FROST, MARTIN
· Jun 12, 2003
 D
Thompson, Mike
California · Jun 5, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2360: Capital Construction Fund Qualified Withdrawal Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-2360/
MLA
"H.R. 2360: Capital Construction Fund Qualified Withdrawal Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-2360/.
Bluebook (legal)
H.R. 2360, 108th Cong. (2026), https://openamerica.io/bill/108-HR-2360/.
Markdown link
[H.R. 2360: Capital Construction Fund Qualified Withdrawal Act of 2003](https://openamerica.io/bill/108-HR-2360/)
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