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- H.R.3312
H.R.3312: RAFT (Restore Access to Foreign Trade) Act
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced Nov. 16, 2001
- Latest Major Action Nov. 16, 2001
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
7 (2 Democrats, 6 Republicans)
Bill 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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| Nov. 16, 2001 |
Introduced in the House by Gerald C. Weller (R-Ill.) |