Bill > S1867

This bill aims to close the "de minimis" loophole in trade regulations, which currently allows low-value imports to enter the United States with reduced or eliminated duties and customs requirements. Specifically, the bill eliminates the provision in the Tariff Act of 1930 that permitted certain low-value articles to enter the country with minimal scrutiny. The changes will be implemented in two phases: immediately for articles originating in China (with a small 3-day grace period for goods already in transit), and 120 days after enactment for articles from other countries. The Treasury Secretary is required to conduct a rulemaking process during this 120-day period to establish new entry procedures, ensure more comprehensive data collection for imports (including requiring specific Harmonized Tariff Schedule classification numbers), and create stricter penalties to deter fraudulent import activities. For international postal shipments that would have previously qualified for the de minimis exemption, the Treasury Secretary, in consultation with the Postmaster General, must develop appropriate fees and procedures to maintain consistent treatment across different shipping methods. The overall goal is to enhance customs oversight, improve duty collection, and close potential loopholes in international trade regulations.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/1867/all-info