A bill to provide an election to terminate certain capital construction funds without penalties.
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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.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 1208: A bill to provide an election to terminate certain capital construction funds without penalties.. 112th Congress. Open America. https://openamerica.io/bill/112-S-1208/
"S. 1208: A bill to provide an election to terminate certain capital construction funds without penalties.." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-1208/.
S. 1208, 112th Cong. (2026), https://openamerica.io/bill/112-S-1208/.
[S. 1208: A bill to provide an election to terminate certain capital construction funds without penalties.](https://openamerica.io/bill/112-S-1208/)