,,ii  #aac? ,,congress  #a/ ,session    
,s4 #dhi  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #g1 #bjac ,mr4    
,?une 7= himself & ,mr4 ,wyd57 introduc$
 ! foll[+ bill2 :i* 0 read twice &      
ref]r$ to ! ,committee on ,f9ance  ,a   
,,bill  ,to am5d ! ,t>iff ,act ( #aicj  
to increase & adju/ = inflation !       
maximum value ( articles t may be       
import$ duty-free by "o p]son on "o day1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,l[ ,value ,%ipm5t
 ,regulatory ,mod]nization ,act ( #bjac4
  #b4 ,s5se ( ,congress on de m9imis    
in=mal entries  7a7 ,f9d+s ,congress    
makes ! foll[+ f9d+s3  7#a7 ,mod]niz+   
int]national cu/oms is critical = ,unit$
 ,/ates bus9esses ( all sizes1 consum]s 
9 ! ,unit$ ,/ates1 & ! economic gr[? ( !
 ,unit$ ,/ates4  7#b7 ,high] ?re%olds = 
! value ( articles t may be ent]$       
in=mally & free ( duty provide          
significant economic b5efits to         
bus9esses & consum]s 9 ! ,unit$ ,/ates &
 ! economy ( ! ,unit$ ,/ates ?r\gh co/s 

sav+s & r$uctions 9 trade transaction   
co/s4  7b7 ,s5se ( ,congress ,x is !    
s5se ( ,congress t ! ,unit$ ,/ates      
,trade ,repres5tative %\ld enc\rage o!r 
c\ntries1 ?r\gh bilat]al1 regional1 &   
multilat]al =a1 to e/abli% comm]cially  
mean+ful de m9imis values = express &   
po/al %ipm5ts t are exempt f cu/oms     
duties & taxes & f c]ta9 entry          
docum5tation requirem5ts1 z appropriate4
  #c4 ,increase 9 & adju/m5t = inflation
 ( maximum value ( articles t may be    
import$ duty-free by "o p]son on "o day 
7a7 ,9 g5]al ,section #cba ( ! ,t>iff   
,act ( #aicj 7#ai ,u4,s4,c4 #acba7 is   
am5d$--  7#a7 9 subsection 7a77#b71 by  
/rik+ subp>agraph 7,c7 & ins]t+ !       
foll[+3  7,c7 9 any o!r case1 ! doll>   
am\nt specifi$ 9 subsection 7c74  2 &   
7#b7 by add+ at ! end ! foll[+3  7c7    
,annual adju/m5t ( value ( articles t   
may ent] duty-,free  7#a7 ,doll> am\nt  
specifi$ ,! doll> am\nt specifi$ 9 ?is  
subsection is--  7,a7 = cal5d> ye>      
#bjad1 #hjj2 &  7,b7 subject to p>agraph

 7#b71 = any cal5d> ye> aft] cal5d> ye> 
#bjad1 an am\nt equal to #hjj increas$  
by an am\nt equal to--  7i7 #hjj1       
multipli$ by  7ii7 ! p]c5tage ( !       
increase 7if any7 9 ! ,consum] ,price   
,index = ! prec$+ cal5d> ye> comp>$ to !
 ,consum] ,price ,index = cal5d> ye>    
#bjac4  7#b7 ,r\nd+ ,any increase "u    
p>agraph 7#a7 ( ! doll> am\nt specifi$ 9
 ?is subsection %all be r\nd$ to ! ne>e/
 increm5t ( #ej4  7#c7 ,consum] ,price  
,index = any cal5d> ye> ,= purposes (   
?is subsection1 ! ,consum] ,price ,index
 = any cal5d> ye> is ! av]age ( !       
,consum] ,price ,index z ( ! close ( !  
#ab-mon? p]iod end+ on ,septemb] #cj ( t
 cal5d> ye>4  7#d7 ,consum] ,price      
,index def9$ ,= purposes ( ?is          
subsection1 ! t]m ,consum] ,price ,index
 means ! la/ ,consum] ,price ,index =   
,all ,urban ,consum]s publi%$ by !      
,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t
 ( ,labor4  4  7b7 ,effective date ,!   
am5dm5ts made by ?is section apply to   
articles ent]$1 or )drawn f w>eh\se =   

consumption1 on or aft] ,janu>y #a1     
#bjad4