United States-Colombia Trade Promotion Agreement Implementation Act

Bill: 110-hr-5724
Sponsor: Rep. Hoyer, Steny H. [D-MD-5]
Introduced: 2008-04-08 in the House
Policy area: Foreign Trade and International Finance
Subjects: Agriculture and Food
Agriculture in foreign trade
Claims
Clothing
Colombia
Commerce
Commercial arbitration
Congress
Congress and foreign policy
Congressional oversight
Congressional reporting requirements
Corporation taxes
Customs administration
Dispute settlement
Economics and Public Finance
Free trade
Government Operations and Politics
Government liability
Government procurement
Import relief
Income tax
International Affairs
Latin America
Law
President and foreign policy
Tariff
Tax administration
Taxation
Textile fabrics
Textile industry
Trade agreements
User charges

Summary:
action_date: 2008-04-08
text: 
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.


Legislative actions:
action_date: 2008-04-10
text: Rule H. Res. 1092 passed House.
action_date: 2008-04-09
text: Rules Committee Resolution H. Res. 1092 Reported to House. Rule provides for consideration of H.R. 5724. The resolution relates to the consideration of H.R. 5724, to implement the United States-Columbia Trade Promotion Agreement. The resolution provides that section 151(e)(1) and section 151(f)(1) of the Trade Act of 1974 shall not apply in the case of H.R. 5724.
action_date: 2008-04-08
text: Referred to the House Committee on Ways and Means.
action_date: 2008-04-08
text: Introduced in House
action_date: 2008-04-08
text: Introduced in House