Bill > HR1840

This bill aims to close the "de minimis" loophole in the Tariff Act of 1930, which currently allows certain low-value imported goods to enter the United States without paying duties or going through full customs procedures. Specifically, the bill eliminates the provision that previously allowed duty-free entry for certain low-value shipments, with different implementation timelines for goods from China and other countries. For Chinese goods, the changes take effect immediately upon enactment, with a small exemption for goods already in transit. For goods from other countries, the new rules will apply 120 days after the bill's enactment. The Secretary of the Treasury is required to conduct a rulemaking process during this 120-day period to establish new entry procedures, ensure accurate data collection and duty assessment, and create penalties for non-compliance. The bill also addresses international postal shipments, requiring the Treasury Department to work with the Postal Service to develop consistent fees and procedures for these types of imports. The goal is to close potential loopholes that could allow duty-free entry of goods and improve customs enforcement and revenue collection.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1840/all-info