REPEAL OF FSC/ETI BINDING CONTRACT RELIEF.

SEC. 513. REPEAL OF FSC/ETI BINDING CONTRACT RELIEF. (a) FSC Provisions.—Paragraph (1) of section 5(c) of the FSC Repeal and Extraterritorial Income Exclusion Act of 2000 is amended by striking “which occurs—” and all that follows and inserting “which occurs before January 1, 2002.”. (b) ETI Provisions.—Section 101 of the American Jobs Creation Act of 2004 is amended by striking subsection (f). (c) Effective Date.—The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.