A bill to clarify the tax status of certain independent fishermen.

Amends the Internal Revenue Code and the Social Security Act to exclude service performed by an individual on a vessel used in catching fish or other marine animal life wherein such individual receives as compensation a portion of such vessel's catch, from the definitions of "employment" and "self-employment" for the purposes of deductions, contributions, and benefits under such Acts.

Requires the operator of a vessel employing such individuals to report to the Secretary of the Treasury with respect to the identity of such individuals and their share of the catch.