Bill > HR1773

This bill, titled the Residue Entries and Streamlining Trade Act, aims to exempt from import duties any leftover material, known as "residue," that remains in reusable shipping containers or holders, called "instruments of international traffic," after the main shipment of unpackaged goods, referred to as "bulk cargo," has been removed. This exemption applies to residue from bulk cargo that was previously exported from the United States. The bill defines "residue" as a small amount of bulk cargo material, not exceeding 7 percent by weight or volume and having minimal or no commercial value, left in these shipping instruments. "Bulk cargo" is defined as unpackaged goods in solid, liquid, or gaseous form. "Instruments of international traffic" are defined as reusable containers or holders like shipping tanks, pallets, and cargo vans, as well as any other items designated by the Commissioner of U.S. Customs and Border Protection, that are used for transporting goods internationally. This change is intended to simplify trade by removing the burden of paying duties on these small, virtually valueless remnants.