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H.R. 2241

BillFederalHouseIn Committee
To provide an election to terminate certain capital construction funds without penalties.
About This Bill
Committee
Latest Action · June 17, 2011
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Congress
112th (2011–2013)
Introduced
June 16, 2011
Cosponsors (3)
3D 0R
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Summary

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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.

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