,,ii #aad? ,,congress #a/ ,session ,s4 #dhi ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,febru>y #ab1 #bjae,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 ! maximum value ( articles t may be import$ duty-free by "o p]son on "o day4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,l[ ,value ,%ipm5t ,regulatory ,mod]nization ,act ( #bjae4 #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 maximum value ( articles t may be import$ duty-free by "o p]son on "o day 7a7 ,9 g5]al ,section #cba7;a77#b77;,c7 ( ! ,t>iff ,act ( #aicj 7#ai ,u4,s4,c4 #acba7;a77#b77;,c77 is am5d$ by /rik+ #bjj & ins]t+ #hjj4 7b7 ,effective date ,! am5dm5t made by subsection 7a7 %all apply to articles ent]$1 or )drawn f w>eh\se = consumption1 on or aft] ,janu>y #a1 #bjaf4