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United States · Bill · S

S. 1361 (108th)

RAFT (Restore Access to Foreign Trade) Act of 2003

referredUnited States· United States Congress· EN

Introduced

26 June 2003

Last action

Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8757)

Sponsors

Subjects

Discovery layer

Source updated

18 August 2025

Summary

RAFT (Restore Access to Foreign Trade) Act of 2003 - Amends the Internal Revenue Code to redefine the term "foreign base company shipping income" to include income derived from, or in connection with, the use of "any aircraft or petroleum vessel in foreign commerce....". (Currently, the term is defined to include income derived from, or in connection with, the use of "any aircraft or vessel in foreign commerce....".) Defines the term "petroleum vessel."

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Documents

3 official files

Introduced in Senate (text)

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Sources

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