Closing the De Minimis Loophole Act

Hozzl · 2025-03-19T09:53:22Z

Explore the details of House Bill 1840 Closing the De Minimis Loophole Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/19/2025, 9:53 AM

Summary of Bill HR 1840

Bill 119 HR 1840, also known as the "De Minimis Phase-Out Act," aims to eliminate the de minimis treatment under the Tariff Act of 1930. De minimis refers to the minimal value of imported goods that are exempt from certain duties and taxes. This bill seeks to gradually phase out this exemption, which has been criticized for allowing foreign goods to enter the US market without facing the same tariffs as domestically produced goods.

The bill proposes a timeline for the phase-out of the de minimis treatment, with the exemption gradually decreasing over a period of time. This gradual approach is intended to minimize disruptions to businesses and consumers who rely on imported goods. Additionally, the bill includes provisions for monitoring and reporting on the impact of the phase-out to ensure that it is implemented effectively.

Supporters of the bill argue that eliminating the de minimis treatment will level the playing field for domestic producers and protect American jobs. They believe that foreign goods should not be given preferential treatment over domestically produced goods. Opponents of the bill, however, argue that eliminating the de minimis treatment could lead to higher prices for consumers and disrupt supply chains. They also raise concerns about the potential impact on small businesses that rely on imported goods. Overall, Bill 119 HR 1840 aims to address concerns about the de minimis treatment under the Tariff Act of 1930 and ensure a fair and competitive marketplace for all businesses. The bill is currently under consideration in Congress, and its fate will depend on further debate and negotiation among lawmakers.

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Current Status of Bill HR 1840

Bill HR 1840 is currently in the status of Bill Introduced since March 4, 2025. Bill HR 1840 was introduced during Congress 119 and was introduced to the House on March 4, 2025. Bill HR 1840's most recent activity was Referred to the House Committee on Ways and Means. as of March 4, 2025

Bipartisan Support of Bill HR 1840

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1840

Primary Policy Focus

Alternate Title(s) of Bill HR 1840

To provide for phase-out of de minimis treatment under the Tariff Act of 1930, and for other purposes.To provide for phase-out of de minimis treatment under the Tariff Act of 1930, and for other purposes.

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Sponsors and Cosponsors of HR 1840

Linda T. Sánchez

California(Democrat)

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