United States · Bill · S
S. 551 (113th)
Capital Construction Fund Penalty Relief Act
Introduced
13 March 2013
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1788-1789)
Sponsors
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Subjects
Discovery layer
Source updated
12 August 2025
Summary
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.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 13 March 2013
Introduced in Senate (PDF)
Introduced in Senate · EN · 13 March 2013
Introduced in Senate
summary · EN · 13 March 2013
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/113th-congress/senate-bill/551
- Open data entity: https://api.congress.gov/v3/bill/113/s/551