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Capital Construction Fund Qualified Withdrawal Act of 2005

Introduced: February 10, 2005 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 10, 2005
Read twice and referred to the Committee on Finance.
Feb 10, 2005
Sponsor introductory remarks on measure. (CR S1271-1272)
Feb 10, 2005
Introduced in Senate
 Plain-English summary Congressional Research Service

Capital Construction Fund Qualified Withdrawal Act of 2005 - Amends the Merchant Marine Act and the Internal Revenue Code to permit as qualified withdrawals from fishing capital construction funds any 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; (3) making a payment of an industry fee authorized by the fishing capacity reduction program; (4) acquiring a vessel monitoring system as a safety improvement for a fishing vessel; and (5) acquiring or constructing fishing gear designed to minimize or avoid bycatch.

What's happening now February 10, 2005

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1