U.S. congressional leaders said on November 18 that they are not planning to complete work on legislation to replace the FSC Repeal and Extraterritorial Income Exclusion Act of 2000 (ETI Act) before they leave the end of the year. The European Union has given the Congress until March 1 2004 to repeal the ETI Act before it imposes trade sanctions on US industries.
November 23 2003