S. 2865, The Fisheries Capital Construction Fund Enhancement Act of 2008

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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S. 2865 would permit qualified withdrawals from a capital construction fund account under chapter 535 of title 46, United States Code, for gear or equipment required for fishery conservation or safety of life at sea without regard to the minimum cost requirement established by regulation.

Detailed Summary

Fisheries Capital Construction Fund Enhancement Act of 2008 - Adds withdrawals for the acquisition of gear or equipment required for safety of life at sea or to comply with conservation measures within a fishery to the list of qualified withdrawals from a vessel capital construction fund. Declares that specified capital acquisition, construction, or reconstruction minimum cost requirements do not apply to withdrawals for such purposes.

Status of the Legislation

Latest Major Action: 4/15/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

Points in Favor

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Points Against

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