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

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

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Related Bills:

• H.R.5724

Related Issue Areas:

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

Data from the Congressional Research Service

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Blog Coverage

April 11, 2008 WashingtonWatch.com - H.R. 5724, The United States-Colombia Trade ...

The United States-Colombia Trade Promotion Agreement Implementation Act (S. 2830). See Bills on the Same Subject: Agriculture, Agriculture in foreign trade, Budgets, Business, Claims, Clothing, Colombia, Commercial arbitration, ...

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April 09, 2008 OpenCongress - U.S. Congress - H.R.5724 United States-Colombia ...

Related Bills:. S.2830 · H.Res.1092 · H.Res.1252. Related Issue Areas:. Textile industry · Public contracts · Government procurement · Dispute settlement · 31 more · Customs administration · Congress

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April 08, 2008 H.R. 5724: United States-Colombia Trade Promotion Agreement ...

This bill is identical to S. 2830 (Status: Introduced). Question & Answer. Have a question about this bill? Submit a short fact-oriented question and see if it will be answered by other visitors. (If you have a general question about ...

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