Bill > HR5960

This bill provides a permanent de minimis exemption for importing goods from certain U.S. territories (specifically the U.S. Virgin Islands, Guam, the Northern Mariana Islands, and American Samoa) into the customs territory of the United States. The exemption allows individuals to import articles with an aggregate fair retail value up to $800 per day free of duty and import taxes. The bill includes provisions to prevent evasion, such as prohibiting the splitting of merchandise from a single order into separate lots to take advantage of the exemption. Additionally, the bill adds the Northern Mariana Islands to the list of territories covered by a bona fide gifts exemption and requires the President to consult with relevant federal agencies to ensure that any broad trade policy changes do not negatively impact commerce in U.S. territories. The term "de minimis" in this context refers to a trade policy that exempts low-value imports from customs duties and taxes, essentially meaning "too small to merit consideration." The bill aims to provide consistent and favorable import treatment for goods from these U.S. territories.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/5960/all-info