FSC Repeal and Extraterritorial Income Exclusion Act of 2000
Public Law 106-519 · H.R. 4986 · 106th Congress · began in the House
Signed by Bill Clinton (D) on Nov 15, 2000 · Taxation
Sponsor: Rep. Bill Archer (R-TX-7)
Cosponsors: None
Passage votesYeaNay
- HouseRecorded vote: 316 yea, 72 nay316–72
- SenateUnanimous consent
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
FSC Repeal and Extraterritorial Income Exclusion Act of 2000 - Amends the Internal Revenue Code to repeal subpart C (Taxation of Foreign Sales Corporations) of part III (Income From Sources Without the United States) of subchapter N ( Tax Based on Income From Sources Within or Without the United States) of chapter 1 (Normal Taxes and Surtaxes).
Excludes from gross income "extraterritorial income," except that extraterritorial income which is not qualifying "qualifying foreign trade income" shall not be excluded from gross income.
Defines "extraterritorial income" as gross income of the taxpayer attributable to "foreign trading gross receipts" of the taxpayer.
Defines "qualifying foreign trade income," with respect to any transaction, as the amount of gross income which, if excluded, will result in a reduction of the taxable income of the taxpayer from such transaction equal to the greatest of: (1) 30 percent of the foreign sale and leasing income derived by the taxpayer from such transaction; (2) 1.2 percent of the foreign trading gross receipts derived by the taxpayer from the transaction; or (3) 15 percent of the foreign trade income derived by the taxpayer from the transaction. Prohibits in any event the amount determined under clause (2) from exceeding 200 percent of the amount determined under clause (3). Permits an alternative computation.
Defines "foreign trading gross receipts" as the gross receipts of the taxpayer which are: (1) from the sale, exchange, or other disposition of qualifying foreign trade property; (2) from the lease or rental of qualifying foreign trade property for use by the lessee outside the United States; (3) for services which are related and subsidiary to either any sale, exchange, or other disposition of qualifying foreign trade property by such taxpayer, or any lease or rental of qualifying foreign trade property described in clause (2) by such taxpayer; (4) for engineering or architectural services for construction projects located (or proposed for location) outside the United States; or (5) for the performance of managerial services for a person other than a related person in furtherance of the production of foreign trading gross receipts described in clause (1), (2), or (3). Prohibits clause (5) from applying to a taxpayer for any taxable year unless at least 50 percent of its foreign trading gross receipts (determined without regard to this sentence) for such taxable year is derived from activities described in clause (1), (2), or (3). Excludes specified receipts from the definition.
Sets forth additional definitions and rules.
Who voted for it
Every House member of the 106th Congress on the ideology compass. Highlighted: the 316 who voted yea on final passage. Faded: everyone else, including those who voted nay, did not vote, or had not yet taken office.
316 yea72 nay45 present or did not vote
Democrats who voted yea(119)
Rep. Jim McDermottD-WA-7- Rep. Bill ClayD-MO-1
Rep. Alcee HastingsD-FL-23- Rep. Earl HilliardD-AL-7
- Rep. Martin SaboD-MN-5
- Rep. Major OwensD-NY-11
Rep. Bennie ThompsonD-MS-2
Rep. Barney FrankD-MA-4
Rep. Ed TownsD-NY-10
Rep. Gregory MeeksD-NY-6
Rep. Jim ClyburnD-SC-6
Rep. Nancy PelosiD-CA-8- Rep. Carrie MeekD-FL-17
Rep. Eddie JohnsonD-TX-30
Rep. Bill DelahuntD-MA-10
Rep. Charlie RangelD-NY-15
Rep. Bobby ScottD-VA-3- Rep. Thomas BarrettD-WI-5
Rep. Elijah CummingsD-MD-7- Rep. Robert BorskiD-PA-3
Rep. Sheila Jackson LeeD-TX-18- Rep. Eva ClaytonD-NC-1
- Rep. Patsy MinkD-HI-2
- Rep. Dick GephardtD-MO-3
Rep. Eliot EngelD-NY-17
Rep. Rosa DeLauroD-CT-3- Rep. Tom LantosD-CA-12
- Rep. Julian DixonD-CA-32
Rep. Joe CrowleyD-NY-7
Rep. Richard NealD-MA-2
Rep. Howard BermanD-CA-26
Rep. Brian BairdD-WA-3
Rep. Nita LoweyD-NY-18
Rep. Ed PastorD-AZ-2
Rep. Michael McNultyD-NY-21
Rep. Tom AllenD-ME-1
Rep. Zoe LofgrenD-CA-16
Rep. Mike ThompsonD-CA-1- Rep. Thomas SawyerD-OH-14
Rep. Earl BlumenauerD-OR-3- Rep. Harold FordD-TN-9
- Rep. Robert MatsuiD-CA-5
- Rep. Albert WynnD-MD-4
Rep. Anna EshooD-CA-14- Rep. Karen McCarthyD-MO-5
Rep. Grace NapolitanoD-CA-34
Rep. Sander LevinD-MI-12
Rep. Charlie GonzalezD-TX-20
Rep. David WuD-OR-1
Rep. Robert WexlerD-FL-19
Rep. John LarsonD-CT-1
Rep. Loretta SanchezD-CA-46
Rep. Ciro RodriguezD-TX-28
Rep. Steny HoyerD-MD-5
Rep. Benjamin CardinD-MD-3
Rep. Darlene HooleyD-OR-5
Rep. Neil AbercrombieD-HI-1
Rep. Brad ShermanD-CA-24
Rep. Dale KildeeD-MI-9- Rep. Joseph HoeffelD-PA-13
Rep. Rubén HinojosaD-TX-15- Rep. Peter DeutschD-FL-20
Rep. Norm DicksD-WA-6
Rep. Paul KanjorskiD-PA-11- Rep. Martin FrostD-TX-24
- Rep. Rod BlagojevichD-IL-5
Rep. David PriceD-NC-4- Rep. David MingeD-MN-2
Rep. Lois CappsD-CA-22
Rep. Gene GreenD-TX-29
Rep. Earl PomeroyD-ND- Rep. Ken BentsenD-TX-25
Rep. Silvestre ReyesD-TX-16
Rep. Nick LampsonD-TX-9
Rep. Jay InsleeD-WA-1
Rep. Chet EdwardsD-TX-11
Rep. Vic SnyderD-AR-2
Rep. Ron KindD-WI-3
Rep. Debbie StabenowD-MI-8
Rep. John SprattD-SC-5
Rep. Ellen TauscherD-CA-10
Rep. Shelley BerkleyD-NV-1
Rep. Bob EtheridgeD-NC-2- Rep. Jim DavisD-FL-11
Rep. Joe BacaD-CA-42- Rep. Tony HallD-OH-3
- Rep. Frank MascaraD-PA-20
Rep. Jim MoranD-VA-8
Rep. Michael DoyleD-PA-18
Rep. Baron HillD-IN-9- Rep. David PhelpsD-IL-19
Rep. Solomon OrtizD-TX-27- Rep. Cal DooleyD-CA-20
Rep. Dennis MooreD-KS-3- Rep. Max SandlinD-TX-1
Rep. Rick BoucherD-VA-9
Rep. Adam SmithD-WA-9- Rep. Robert ClementD-TN-5
Rep. Marion BerryD-AR-1
Rep. John MurthaD-PA-12- Rep. Owen PickettD-VA-2
Rep. Alan MollohanD-WV-1- Rep. Jim TurnerD-TX-2
Rep. Sanford BishopD-GA-2
Rep. Bart GordonD-TN-6
Rep. Leonard BoswellD-IA-3
Rep. John TannerD-TN-8
Rep. Allen BoydD-FL-2
Rep. Ike SkeltonD-MO-4- Rep. Timothy RoemerD-IN-3
- Rep. James BarciaD-MI-5
- Rep. Norman SisiskyD-VA-4
- Rep. Chris JohnD-LA-7
Rep. Bud CramerD-AL-5
Rep. Mike McIntyreD-NC-7- Rep. Ken LucasD-KY-4
- Rep. James TraficantD-OH-17
Rep. Ralph HallD-TX-4
Rep. Virgil GoodeD-VA-5
Republicans who voted yea(197)
- Rep. Constance MorellaR-MD-8
- Rep. Benjamin GilmanR-NY-20
- Rep. Sherry BoehlertR-NY-23
- Rep. Jack QuinnR-NY-30
- Rep. Stephen HornR-CA-38
Rep. Chris SmithR-NJ-4- Rep. Jim LeachR-IA-1
- Rep. Nancy JohnsonR-CT-6
Rep. Pete KingR-NY-3- Rep. Amo HoughtonR-NY-31
Rep. Jim WalshR-NY-25
Rep. Rodney FrelinghuysenR-NJ-11
Rep. Wayne GilchrestR-MD-1- Rep. Sue KellyR-NY-19
Rep. John McHughR-NY-24- Rep. Jim GreenwoodR-PA-8
Rep. Steven LaTouretteR-OH-19- Rep. Steven KuykendallR-CA-36
- Rep. Rick LazioR-NY-2
Rep. Michael CastleR-DE- Rep. Curt WeldonR-PA-7
Rep. Lincoln Diaz-BalartR-FL-21
Rep. Heather WilsonR-NM-1
Rep. Frank WolfR-VA-10
Rep. Christopher ShaysR-CT-4
Rep. Elton GalleglyR-CA-23- Rep. Doug BereuterR-NE-1
- Rep. Mark FoleyR-FL-16
Rep. Phil EnglishR-PA-21
Rep. Jerry LewisR-CA-40
Rep. Ileana Ros-LehtinenR-FL-18- Rep. John CookseyR-LA-5
Rep. Ralph RegulaR-OH-16- Rep. Bob FranksR-NJ-7
- Rep. Bob NeyR-OH-18
- Rep. Don SherwoodR-PA-10
- Rep. Marge RoukemaR-NJ-5
- Rep. Doug OseR-CA-3
- Rep. Paul GillmorR-OH-5
Rep. Tom DavisR-VA-11
Rep. W. Bill YoungR-FL-10
Rep. Jo Ann EmersonR-MO-8- Rep. John SweeneyR-NY-22
- Rep. H. CallahanR-AL-1
Rep. Fred UptonR-MI-6
Rep. Ray LaHoodR-IL-18- Rep. Clay ShawR-FL-22
Rep. Don YoungR-AK- Rep. Ernie FletcherR-KY-6
Rep. Mary Bono MackR-CA-44
Rep. Johnny IsaksonR-GA-6
Rep. Dave HobsonR-OH-7- Rep. Michael BilirakisR-FL-9
- Rep. Joseph SkeenR-NM-2
Rep. Spencer BachusR-AL-6
Rep. Brian BilbrayR-CA-49
Rep. Ed WhitfieldR-KY-1
Rep. Thomas ReynoldsR-NY-27
Rep. Hal RogersR-KY-5- Rep. Bill McCollumR-FL-8
- Rep. Anne NorthupR-KY-3
- Rep. Henry HydeR-IL-6
- Rep. Tom CampbellR-CA-15
Rep. Judy BiggertR-IL-13- Rep. Jim KolbeR-AZ-5
Rep. John ThuneR-SD
Rep. Ken CalvertR-CA-43
Rep. Joe KnollenbergR-MI-11- Rep. George GekasR-PA-17
- Rep. Billy TauzinR-LA-3
Rep. Vernon EhlersR-MI-3- Rep. Bud ShusterR-PA-9
- Rep. Bill BarrettR-NE-3
Rep. John ShimkusR-IL-20
Rep. Charlie BassR-NH-2
Rep. Dave CampR-MI-4
Rep. Kay GrangerR-TX-12
Rep. Jim McCreryR-LA-4- Rep. Tillie FowlerR-FL-4
- Rep. Richard BakerR-LA-6
Rep. Deborah PryceR-OH-15
Rep. Jerry WellerR-IL-11
Rep. Saxby ChamblissR-GA-8- Rep. Matthew MartínezD-CA-31
- Rep. Bill ThomasR-CA-21
Rep. Frank LucasR-OK-6- Rep. Bill JenkinsR-TN-1
Rep. Buck McKeonR-CA-25- Rep. Tom BlileyR-VA-7
- Rep. Wes WatkinsR-OK-3
Rep. Robin HayesR-NC-8- Rep. Thomas EwingR-IL-15
- Rep. Floyd SpenceR-SC-2
- Rep. George NethercuttR-WA-5
Rep. Greg WaldenR-OR-2- Rep. Ron PackardR-CA-48
Rep. Robert AderholtR-AL-4
Rep. Roger WickerR-MS-1- Rep. Jim NussleR-IA-2
- Rep. Jennifer DunnR-WA-8
- Rep. James HansenR-UT-1
Rep. Mike SimpsonR-ID-2- Rep. Asa HutchinsonR-AR-3
- Rep. Henry BonillaR-TX-23
Rep. Ron LewisR-KY-2
Rep. David VitterR-LA-1
Rep. Chip PickeringR-MS-3- Rep. Robert EhrlichR-MD-2
Rep. Tom LathamR-IA-5- Rep. Michael OxleyR-OH-4
Rep. Rob PortmanR-OH-2
Rep. David DreierR-CA-28
Rep. Lamar SmithR-TX-21
Rep. Vito FossellaR-NY-13
Rep. Nathan DealR-GA-9
Rep. John MicaR-FL-7- Rep. Duke CunninghamR-CA-51
- Rep. William GoodlingR-PA-19
Rep. Jerry MoranR-KS-1- Rep. Porter GossR-FL-14
- Rep. Charlie NorwoodR-GA-10
- Rep. Ed BryantR-TN-7
Rep. Steve BuyerR-IN-5- Rep. J.C. WattsR-OK-4
Rep. Duncan HunterR-CA-52- Rep. Edward PeaseR-IN-7
- Rep. Jim GibbonsR-NV-2
Rep. Roy BluntR-MO-7
Rep. Terry EverettR-AL-2- Rep. Mark GreenR-WI-8
Rep. Dave WeldonR-FL-15- Rep. Scott McInnisR-CO-3
Rep. Doc HastingsR-WA-4- Rep. Jack MetcalfR-WA-2
Rep. Mark SouderR-IN-4- Rep. Larry CombestR-TX-19
Rep. John BoehnerR-OH-8
Rep. Lee TerryR-NE-2
Rep. Mac ThornberryR-TX-13- Rep. James RoganR-CA-27
Rep. Zach WampR-TN-3- Rep. Rick HillR-MT
Rep. Kevin BradyR-TX-8
Rep. George RadanovichR-CA-19- Rep. Dan MillerR-FL-13
Rep. Lindsey GrahamR-SC-3- Rep. Nick SmithR-MI-7
Rep. Jim RamstadR-MN-3- Rep. Ernest IstookR-OK-5
Rep. Barbara CubinR-WY
Rep. Tom PetriR-WI-6
Rep. Jack KingstonR-GA-1
Rep. Roscoe BartlettR-MD-6
Rep. Paul RyanR-WI-1
Rep. Gary MillerR-CA-41
Rep. Sue MyrickR-NC-9- Rep. Joe ScarboroughR-FL-1
Rep. John LinderR-GA-11
Rep. Joseph PittsR-PA-16- Rep. Richard ArmeyR-TX-26
- Rep. Van HillearyR-TN-4
Rep. Walter JonesR-NC-3
Rep. Todd TiahrtR-KS-4
Rep. Mac CollinsR-GA-3
Rep. Pete SessionsR-TX-5- Rep. Jim RyunR-KS-2
Rep. Joe BartonR-TX-6
Rep. Dan BurtonR-IN-6
Rep. Pete HoekstraR-MI-2- Rep. Gil GutknechtR-MN-1
- Rep. Richard PomboR-CA-11
- Rep. Robert StumpR-AZ-3
- Rep. Tom DeLayR-TX-22
- Rep. J.D. HayworthR-AZ-6
- Rep. Christopher CoxR-CA-47
Rep. Cliff StearnsR-FL-6
Rep. Jimmy DuncanR-TN-2
Rep. Wally HergerR-CA-2- Rep. Bill ArcherR-TX-7
Rep. Chris CannonR-UT-3
Rep. John DoolittleR-CA-4
Rep. John SununuR-NH-1
Rep. Donald ManzulloR-IL-16
Rep. Pat ToomeyR-PA-15
Rep. Howard CobleR-NC-6- Rep. Bob BarrR-GA-7
Rep. Matt SalmonR-AZ-1
Rep. Jim DeMintR-SC-4
Rep. Sam JohnsonR-TX-3
Rep. Tom TancredoR-CO-6- Rep. Phil CraneR-IL-8
Rep. John ShadeggR-AZ-4
Rep. Dana RohrabacherR-CA-45
Rep. Ed RoyceR-CA-39
Rep. James SensenbrennerR-WI-9- Rep. Bob SchafferR-CO-4
Rep. Mark SanfordR-SC-1
Data notes
The House’s recorded vote on the final version of the law (roll call 1203 in Voteview), matched to the vote the record cites and checked against its totals. Positions are each member’s DW-NOMINATE score for that Congress, as on the Ideology page; left to right is more liberal to more conservative. Paired and announced yea votes count as yea. Lists follow the compass, most liberal first. A name links to a profile only for members of the current Congress. A law passed by voice vote or unanimous consent has no member list, and neither does a vote Voteview has not yet recorded.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 22 actions.
- Nov 15, 2000Became lawBecame law · Became Public Law No: 106-519.
- Became lawBecame law · Signed by President.
- Nov 14, 2000PresidentPresident · Presented to President.
- Resolving differencesResolving differences · Motion to reconsider laid on the table Agreed to without objection.
- Resolving differencesResolving differences · On motion that the House suspend the rules and agree to the Senate amendment Agreed to by the Yeas and Nays: (2/3 required): 316 - 72, 1 Present (Roll no. 597).House roll call 597
- Resolving differencesResolving differences · At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the chair announced that further proceedings on the motion would be postponed.
- Resolving differencesResolving differences · Mr. Archer moved that the House suspend the rules and agree to the Senate amendment.
- OtherOther · Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by the Yeas and Nays: (2/3 required): 316 - 72, 1 Present (Roll no. 597).(consideration: CR H11900-11901; text as House agreed to Senate amendment: CR H…House roll call 597
- Nov 1, 2000FloorFloor · Passed Senate with an amendment by Unanimous Consent.
- FloorFloor · Committee amendments withdrawn by Unanimous Consent.
- FloorFloor · Measure laid before Senate by unanimous consent.
- Sep 20, 2000CommitteeCommittee · Reported by Senate Finance Committee
- Sep 19, 2000CommitteeCommittee · Markup by Senate Finance Committee
- Sep 14, 2000CommitteeCommittee · Referred to Senate Finance Committee
- Sep 13, 2000FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
- FloorFloor · On motion to suspend the rules and pass the bill, as amended Agreed to by recorded vote (2/3 required): 315 - 109, 1 Present (Roll no. 467).House roll call 467
- CommitteeCommittee · Reported by House Ways and Means Committee
- Sep 12, 2000FloorFloor · At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed until Sept. 13.
- FloorFloor · Mr. Archer moved to suspend the rules and pass the bill, as amended.
- Jul 27, 2000CommitteeCommittee · Referred to House Ways and Means Committee
- CommitteeCommittee · Markup by House Ways and Means Committee
- IntroducedIntroduced · Introduced in the House
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.