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United States · Bill · HR

H.R. 3312 (107th)

RAFT (Restore Access to Foreign Trade) Act

referredUnited States· United States Congress· EN

Introduced

16 November 2001

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

19 August 2025

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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Documents

3 official files

Introduced in House (text)

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