Closing the De Minimis Loophole Act
Closing the De Minimis Loophole Act
Plain Language Summary
# Closing the De Minimis Loophole Act Summary **What the Bill Does:** This bill would close what supporters call the "de minimis loophole" in U.S. trade law. Currently, packages valued under $800 entering the United States are exempt from certain tariffs and customs duties. The bill would lower or eliminate this threshold, meaning more imported packages would face these taxes and fees.
This change primarily affects small shipments of goods coming from other countries, particularly those ordered online from international retailers. **Who It Affects:** The bill impacts several groups: U.S. consumers who buy products from foreign websites or international sellers would likely face higher costs due to added tariffs; e-commerce companies and online marketplaces that facilitate international sales; and domestic retailers competing with cheaper foreign imports. Supporters argue it helps protect American manufacturers and workers, while critics contend it could raise prices for consumers and complicate online shopping. **Current Status:** As of now, HR 1840 remains in committee and has not advanced for a full House vote. The bill was introduced in the 119th Congress but has not yet become law.
Latest Action
Referred to the House Committee on Ways and Means.