There is one summary for S.626. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (03/17/2011)

American Shipping Reinvestment Act of 2011 - Amends the Internal Revenue Code to: (1) repeal shipping investment withdrawal tax rules; and (2) allow U.S. corporate shareholders an election to deduct dividends attributable to foreign base company shipping income received from a controlled foreign corporation.