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    <introducedDate>2005-02-10</introducedDate>
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        <title>Capital Construction Fund Qualified Withdrawal Act of 2005</title>
        <congress>109</congress>
        <number>2174</number>
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          <actionDate>2005-05-05</actionDate>
          <text>Referred to the Committee on Ways and Means, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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        <text>Read twice and referred to the Committee on Finance.</text>
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        <text>Sponsor introductory remarks on measure. (CR S1271-1272)</text>
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        <fullName>Sen. Wyden, Ron [D-OR]</fullName>
        <firstName>Ron</firstName>
        <lastName>Wyden</lastName>
        <party>D</party>
        <state>OR</state>
        <isByRequest>N</isByRequest>
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        <fullName>Sen. Smith, Gordon H. [R-OR]</fullName>
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        <lastName>SMITH</lastName>
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        <middleName>H.</middleName>
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          <name>Administrative procedure</name>
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        <item>
          <name>Commerce</name>
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          <name>Department of Commerce</name>
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          <name>Equipment and supplies</name>
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          <name>Fees</name>
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          <name>Fisheries</name>
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          <name>Fishery management</name>
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          <name>Marine and coastal resources, fisheries</name>
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          <name>Marine safety</name>
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          <name>Merchant seamen</name>
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          <name>Overfishing</name>
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        <item>
          <name>Shipbuilding</name>
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          <name>Subsidies</name>
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          <name>Sustainable fisheries</name>
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        <item>
          <name>Tax deferral</name>
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        <actionDate>2005-02-10</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2005-03-10T22:06:47Z</updateDate>
        <text><![CDATA[ <p>Capital Construction Fund Qualified Withdrawal Act of 2005 - Amends the Merchant Marine Act and the Internal Revenue Code to permit as qualified withdrawals from fishing capital construction funds any money used by retiring fishermen for the following purposes: (1) retiring an owner's commercial fishing vessels and related commercial fishing permits; (2) making a rollover contribution into an owner's individual retirement plan; (3) making a payment of an industry fee authorized by the fishing capacity reduction program; (4) acquiring a vessel monitoring system as a safety improvement for a fishing vessel; and (5) acquiring or constructing fishing gear designed to minimize or avoid bycatch. </p>]]></text>
      </summary>
    </summaries>
    <title>Capital Construction Fund Qualified Withdrawal Act of 2005</title>
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        <titleType>Short Titles as Introduced</titleType>
        <title>Capital Construction Fund Qualified Withdrawal Act of 2005</title>
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        <title>Capital Construction Fund Qualified Withdrawal Act of 2005</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to provide for qualified withdrawals from the Capital construction Fund for fishermen leaving the industry and for the rollover of Capital Construction Funds to individual retirement plans, and for other purposes.</title>
      </item>
    </titles>
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        <type>Introduced in Senate</type>
        <date>2005-02-10T05:00:00Z</date>
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    <latestAction>
      <actionDate>2005-02-10</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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