United States-Colombia Trade Promotion Agreement Implementation Act

A bill to implement the United States-Colombia Trade Promotion Agreement.

4/8/2008--Introduced.
United States-Colombia Trade Promotion Agreement Implementation Act - Approves the United States-Colombia Trade Promotion Agreement (the Agreement) entered into with the government of Colombia. Provides for the Agreement's entry into force upon certain conditions being met on or after January 1, 2009.
Authorizes the President to proclaim actions, and other appropriate officers of the U.S. government to issue regulations, necessary to ensure appropriate implementation of any provision of this Act that takes effect on the date the Agreement enters into force.
Provides for:
(1) administration of dispute settlement proceedings;
(2) arbitration of certain claims against the United States; and
(3) specified tariff modifications. Prescribes requirements for:
(1) enforcement of textile and apparel rules of origin;
(2) actions for relief from imports benefiting from the Agreement; and
(3) certain textile and apparel safeguard measures.
Amends the Trade Agreements Act of 1979 to make eligible for U.S. government procurement products or services of a foreign country or instrumentality that is a party to the Agreement.
Provides for the following offsets:
(1) amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend the authority for the collection of customs user fees for a specified period; and
(2) amends the Tax Increase Prevention and Reconciliation Act of 2005 to increase by one percentage point the current increased percentage of any required installment of corporate estimated tax otherwise due in July, August, or September 2012, and by two percentage points the amount of any required installment of corporate estimated tax otherwise due in July, August, or September 2013.


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Sponsor

• Sen. Harry Reid [D, NV]
• and 2 Co-Sponsors
  • Sen. Charles Grassley [R, IA]
  • Sen. Mitch McConnell [R, KY]
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Committees

• Senate Finance

Amendments

This bill has no amendments.

Amendments to S.2830

Number	Status	Purpose

Bill Status

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Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
April 08, 2008

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All Bill Actions

• Apr 08, 2008: Read twice and referred to the Committee on Finance pursuant to section 2103(c) of Public Law 107-210.
• Introduced on Apr 08, 2008.

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Related Bills:

• H.R.5724

Related Issue Areas:

• User charges
• Trade agreements
• Textile industry
• Textile fabrics
• 24 more
• Taxation
• Tax administration
• Tariff
• Public contracts
• Law
• Latin America
• International affairs
• Income tax
• Import relief
• Government procurement
• Government liability
• Free trade
• Foreign policy
• Dispute settlement
• Customs administration
• Corporation taxes
• Congress and foreign policy
• Congress
• Commercial arbitration
• Colombia
• Clothing
• Business
• Budgets
• Trade

Data from the Congressional Research Service

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Blog Coverage

April 07, 2008 Bill Action: Introduced: S. 2830: A bill to implement the United ...

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April 07, 2008 S. 2830, The United States-Colombia Trade Promotion Agreement ...

S. 2830 would implement the United States-Colombia Trade Promotion Agreement.... Vote on This Bill: For | Against.

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