[Congressional Record Volume 146, Number 112 (Wednesday, September 20, 2000)]
[Extensions of Remarks]
[Page E1536]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




     FSC REPEAL AND EXTRA-TERRITORIAL INCOME EXCLUSION ACT OF 2000

                                 ______
                                 

                               speech of

                            HON. BILL ARCHER

                                of texas

                    in the house of representatives

                      Tuesday, September 12, 2000

  Mr. ARCHER. Mr. Speaker, my colleague, Mr. Rangel, and I are offering 
these additional remarks on H.R. 4986 to correct a statement included 
in the Report of the Committee on Ways and Means on H.R. 4986. The 
explanation of the provision in the Committee Report includes a 
statement of the Committee's intention regarding the qualification of 
certain aircraft engines as qualifying foreign trade property under 
H.R. 4986.
  In describing the Committee's intention as to the qualification of an 
aircraft engine as qualifying foreign trade property, the explanation 
in the Committee Report describes an engine that is ``specifically 
designed to be separated from the airframe to which it is incorporated 
without significant damage to either the engine or the airframe.'' The 
use of the word ``incorporated'' in this context is not necessarily 
correct and was not intended by the Committee; rather, the Committee 
intended to use the word ``attached.'' As the Committee Report 
indicates, the Committee specifically intends not to create any 
inference regarding the treatment of aircraft engines for any purpose 
other than the specific application of H.R. 4986.

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