P.L. 110-191, The Trade Preference Extension Act of 2008

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 5264 would extend certain trade preference programs.

Detailed Summary

<b>(This measure has not been amended since it was passed by the House on February 27, 2008. The summary of that version is repeated here.)</b>

Andean Trade Preference Extension Act of 2008 - Amends the Andean Trade Preference Act (ATPA), as amended and expanded by Andean Trade Promotion and Drug Eradication Act (ATPDEA), to extend, through December 31, 2008, the ATPA program providing for the duty-free treatment of certain imported apparel articles assembled in one or more ATPDEA beneficiary countries (Bolivia, Colombia, Ecuador, and Peru).

Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs fees for the processing of merchandise entered into the United States through December 27, 2014.

Amends the Tax Increase Prevention and Reconciliation Act of 2005 to increase the amount in effect on the date of enactment of this Act of any corporate estimated tax installment otherwise due by a corporation with assets of not less than $1 billion in July, August, or September 2013 by 0.25% of such amount.

Status of the Legislation

Latest Major Action: 2/27/2008: Received in the Senate.

Points in Favor

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Points Against

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