US Congress Senate Bill 551 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on March 13 2013 - 25% progression, died in committee
Action: 2013-03-13 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1788-1789)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Capital Construction Fund Penalty Relief Act - 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. Amends the Internal Revenue Code to prescribe requirements regarding the effect of such an election, including the distribution and taxation of such funds, on individuals and entities.

Capital Construction Fund Penalty Relief Act

Sen. Ron Wyden [D-OR]	Sen. Mark Begich [D-AK]	Sen. Maria Cantwell [D-WA]	Sen. Jeff Merkley [D-OR]
Sen. Lisa Murkowski [R-AK]	Sen. Patty Murray [D-WA]

Date	Chamber	Action
2013-03-13	Senate	Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1788-1789)
2013-03-13	Senate	Sponsor introductory remarks on measure. (CR S1787-1788)

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/551/all-info
Text	https://www.congress.gov/113/bills/s551/BILLS-113s551is.pdf