II
114th CONGRESS
1st Session
S. 489
IN THE SENATE OF THE UNITED STATES
February 12, 2015
Mr. Thune (for himself and Mr. Wyden) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Tariff Act of 1930 to increase the maximum value of articles that may be imported duty-free by one person on one day.
Short title
This Act may be cited as the Low Value Shipment Regulatory Modernization Act of 2015
.
Sense of Congress on de minimis informal entries
Findings
Congress makes the following findings:
Modernizing international customs is critical for United States businesses of all sizes, consumers in the United States, and the economic growth of the United States.
Higher thresholds for the value of articles that may be entered informally and free of duty provide significant economic benefits to businesses and consumers in the United States and the economy of the United States through costs savings and reductions in trade transaction costs.
Sense of Congress
It is the sense of Congress that the United States Trade Representative should encourage other countries, through bilateral, regional, and multilateral fora, to establish commercially meaningful de minimis values for express and postal shipments that are exempt from customs duties and taxes and from certain entry documentation requirements, as appropriate.
Increase in maximum value of articles that may be imported duty-free by one person on one day
In general
Section 321(a)(2)(C) of the Tariff Act of 1930 (19 U.S.C. 1321(a)(2)(C)) is amended by striking $200
and inserting $800
.
Effective date
The amendment made by subsection (a) shall apply to articles entered, or withdrawn from warehouse for consumption, on or after January 1, 2016.