S 1208
112th Congress
Senate
Transportation and Public Works
Marine and coastal resources, fisheries
Marine and inland water transportation
Tax administration and collection, taxpayers
A bill to provide an election to terminate certain capital construction funds without penalties.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 15, 2011
Read twice and referred to the Committee on Finance.
Jun 15, 2011
Sponsor introductory remarks on measure. (CR S3837)
Jun 15, 2011
Introduced in Senate
Plain-English summary
Permits any person who entered into a capital construction fund agreement (an agreement to provide replacement vessels, additional vessels, or reconstructed vessels) with respect to certain vessels operated in the fisheries of the United States to make an election to terminate the capital construction fund established under such agreement. Sets forth provisions concerning the effect of such election, including the distribution and taxation of such funds, on individuals and entities.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1