Farm, Fishing, and Ranch Risk Management Act

Summary

Farm, Fishing, and Ranch Risk Management Act - Amends the Internal Revenue Code to allow an individual involved in an eligible farming or commercial fishing business to make a deductible contribution up to 20 percent of his or her farming or fishing taxable income to a Farm, Fishing, and Ranch Risk Management Account (FFARRM Account). States that: (1) Account distributions may not be used to add capacity or contribute to the overcapitalization of any fishery; (2) Account contributions shall not reduce self-employment net earnings; (3) Account distributions (other than income attributed to the Account) shall be includible in gross income, including deposits not distributed within five years.

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Timeline

1. 13 February 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 13 February 2001

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1334-1335)

   Source: IntroReferral

3. 13 February 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S1331)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 13 February 2001 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 13 February 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 13 February 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 13 February 2001

  Open at official source

Sponsors

• Chuck Grassley · R · Sponsor
• Rep. Baucus, Max [D-MT-1] · D · Sponsor
• Rep. Roberts, Pat [R-KS-1] · R · Sponsor
• Sen. Hutchison, Kay Bailey [R-TX] · R · Sponsor
• Sen. Burns, Conrad R. [R-MT] · R · Sponsor
• Rep. Breaux, John B. [D-LA-7] · D · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Rep. Craig, Larry E. [R-ID-1] · R · Sponsor
• Sen. Allard, Wayne [R-CO] · R · Sponsor
• Sen. Lugar, Richard G. [R-IN] · R · Sponsor
• Sen. Gramm, Phil [R-TX] · R · Sponsor
• Sen. Hagel, Chuck [R-NE] · R · Sponsor
• Rep. Bunning, Jim [R-KY-4] · R · Sponsor
• Rep. DeWine, Mike [R-OH-7] · R · Sponsor
• Sen. Bond, Christopher S. [R-MO] · R · Sponsor
• Sen. Fitzgerald, Peter [R-IL] · R · Sponsor
• Sen. Conrad, Kent [D-ND] · D · Sponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Sponsor
• Sen. Stevens, Ted [R-AK] · R · Sponsor
• Rep. Kyl, Jon [R-AZ-4] · R · Sponsor
• Sen. Brownback, Sam [R-KS] · R · Sponsor
• Sen. Sessions, Jeff [R-AL] · R · Sponsor
• Sen. Santorum, Rick [R-PA] · R · Cosponsor
• Sen. Hutchinson, Tim [R-AR] · R · Cosponsor
• Sen. Cleland, Max [D-GA] · D · Cosponsor
• Sen. Smith, Gordon H. [R-OR] · R · Cosponsor
• · ssfi00 · Standing

Related records

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