,,ii #aadth ,,congress #ast ,session ,s4 #dhi ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #ab1 #bjae,mr4 ,thune 7for himself and ,mr4 ,wyden7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,tariff ,act of #aicj to increase the maximum value of articles that may be imported duty-free by one person on one day4 #a4 ,short title ,this ,act may be cited as the ,low ,value ,shipment ,regulatory ,modernization ,act of #bjae4 #b4 ,sense of ,congress on de minimis informal entries 7a7 ,findings ,congress makes the following findings3 7#a7 ,modernizing international customs is critical for ,united ,states businesses of all sizes1 consumers in the ,united ,states1 and the economic growth of the ,united ,states4 7#b7 ,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 costs4 7b7 ,sense of ,congress ,it is the sense of ,congress that the ,united ,states ,trade ,representative should encourage other countries1 through bilateral1 regional1 and multilateral fora1 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 requirements1 as appropriate4 #c4 ,increase in maximum value of articles that may be imported duty-free by one person on one day 7a7 ,in general ,section #cba7;a77#b77;,c7 of the ,tariff ,act of #aicj 7#ai ,u4,s4,c4 #acba7;a77#b77;,c77 is amended by striking #bjj and inserting #hjj4 7b7 ,effective date ,the amendment made by subsection 7a7 shall apply to articles entered1 or withdrawn from warehouse for consumption1 on or after ,january #a1 #bjaf4