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H.R. 4986 (106th): FSC Repeal and Extraterritorial Income Exclusion Act of 2000

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To amend the Internal Revenue Code of 1986 to repeal the provisions relating to foreign sales corporations (FSCs) and to exclude extraterritorial income from gross income.

Sponsor and status

Photo of sponsor Bill Archer

Bill Archer

Sponsor. Representative for Texas's 7th congressional district. Republican.

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Last Updated: Nov 15, 2000
Length: 13 pages
Introduced
Jul 27, 2000
106th Congress (1999–2000)
Status

Enacted — Signed by the President on Nov 15, 2000

This bill was enacted after being signed by the President on November 15, 2000.

Law
Pub.L. 106-519
Source
Congress.gov
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History

Jul 27, 2000
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

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Jul 27, 2000
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

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Sep 13, 2000
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

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Sep 20, 2000
 
Text Published

Updated bill text was published as of Reported by Senate Committee.

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Nov 1, 2000
 
Passed Senate with Changes (back to House)

The Senate passed the bill with changes not in the House version and sent it back to the House to approve the changes. The vote was by Unanimous Consent so no record of individual votes was made.

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Nov 14, 2000
 
House Agreed to Changes

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill.

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Nov 15, 2000
 
Enacted — Signed by the President

The President signed the bill and it became law.

H.R. 4986 (106th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 4986. This is the one from the 106th Congress.

This bill was introduced in the 106th Congress, which met from Jan 6, 1999 to Dec 15, 2000. Legislation not passed by the end of a Congress is cleared from the books.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 4986 — 106th Congress: FSC Repeal and Extraterritorial Income Exclusion Act of 2000.” www.GovTrack.us. 2000. June 3, 2023 <https://www.govtrack.us/congress/bills/106/hr4986>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.