H.R. 5724 would implement the United States-Colombia Trade Promotion Agreement.

== Detailed Summary ==

<summary>
(Log inUnited 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 editproclaim actions, and other appropriate officers of the wikiU.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 be(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 firstAgreement; and (3) certain textile and apparel safeguard measures.

Amends the Trade Agreements Act of 1979 to providemake eligible for U.S. government procurement products or services of a detailed summaryforeign 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 bill!)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.
</summary>

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== Status of the Legislation ==

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Latest Major Action: 4/9/2008: Rules Committee Resolution4/10/2008: Rule H. Res. 1092 Reported topassed 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.
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== Points in Favor ==

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== Points Against ==

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