H.R. 3312 — RAFT (Restore Access to Foreign Trade) Act

Summary

RAFT (Restore Access to Foreign Trade) Act - Amends the Internal Revenue Code to eliminate foreign base company shipping income from inclusion as foreign base company income.

Revises the definition of "shipping income" with respect to the application of the foreign tax credit.

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Legislative Actions

2001-11-16
Introduced in House
2001-11-16
Introduced in House
2001-11-16
Sponsor introductory remarks on measure. (CR E2122)
2001-11-16
Referred to the House Committee on Ways and Means.

RAFT (Restore Access to Foreign Trade) Act

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Summary

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