,,ii #aahth ,,congress #ast ,session ,s4 #aifi ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #ad1 #bjbc,mr4 ,cassidy 7for himself1 ,ms4 ,baldwin1 and ,mr4 ,vance7 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 require reciprocity with respect to de minimis entries of articles1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,de ,minimis ,reciprocity ,act of #bjbc4 #b4 ,modification of treatment of de minimis entries of articles ,section #cba of ,tariff ,act of #aicj 7#ai ,u4,s4,c4 #acba7 is amended-- 7#a7 by amending subsection 7a77#b77;,c7 to read as follows3 7,c7 in any other case1 such amount as the ,secretary establishes under subsection 7c77#a74 2 and 7#b7 by adding at the end the following3 7c7 ,treatment of de minimis entries 7#a7 ,reciprocity with respect to de minimis entries 7,a7 ,establishment of thresholds 7i7 ,in general ,not later than #ahj days after the date of the enactment of the ,de ,minimis ,reciprocity ,act of #bjbc1 the ,secretary of the ,treasury shall prescribe regulations to establish dollar amount thresholds1 which may not exceed #hjj1 for de minimis entries for purposes of subsection 7a77#b77;,c74 7ii7 ,requirements ,the ,secretary shall establish a threshold under clause 7i7 for each country that takes into consideration-- 7,i7 the dollar amount threshold of that country for de minimis entries from the ,united ,states2 and 7,,ii7 any related thresholds of that country1 such as a threshold relating to a value-added tax on imports4 7iii7 ,publication2 notification ,not later than #ahj days after the date of the enactment of the ,de ,minimis ,reciprocity ,act of #bjbc1 the ,secretary shall-- 7,i7 publish the threshold established under clause 7i7 in the ,federal ,register2 and 7,,ii7 notify the governments of foreign countries of the threshold4 7,b7 ,re-shoring and ,near-shoring ,account 7i7 ,in general ,there is established within the ,treasury of the ,united ,states an account to be known as the ,re-shoring and ,near-shoring ,account 7in this subparagraph referred to as the ,account71 consisting of such amounts as are-- 7,i7 transferred to the ,account under clause 7ii72 and 7,,ii7 credited to the ,account under clause 7iv74 7ii7 ,transfer of amounts attributable to de minimis entries 7,i7 ,in general ,the ,secretary of the ,treasury shall transfer to the ,account from the general fund of the ,treasury1 for fiscal year #bjbd and each fiscal year thereafter1 an amount equivalent to the amount received into the general fund during that fiscal year that the ,secretary determines is attributable to revenue received as a result of the dollar amount thresholds established under subparagraph 7,a74 7,,ii7 ,frequency of transfers ,the ,secretary shall transfer amounts required by subclause 7,i7 to be transferred to the ,account not less frequently than quarterly4 7iii7 ,use of amounts ,amounts in the ,account shall be available1 without further appropriation1 for the purposes of facilitating the movement of manufacturing from the ,people's ,republic of ,china to the ,united ,states4 7iv7 ,investment of amounts 7,i7 ,in general ,except as provided in subclause 7,,ii71 the ,secretary shall invest such portion of the ,account as is not required to meet current withdrawals in interest-bearing obligations of the ,united ,states or in obligations guaranteed as to both principal and interest by the ,united ,states4 7,,ii7 ,authorization of investment in other instruments 7aa7 ,in general ,the ,secretary may invest such portion of the ,account as the ,secretary anticipates will be held in the ,account for not less than #b years in equity securities or other securities through a commercial bank if the ,secretary determines such investments are appropriate4 7bb7 ,definitions ,in this subclause1 the terms equity security and security have the meanings given those terms in section #c7;a7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;c7a774 7,,iii7 ,interest and proceeds ,the interest on1 and the proceeds from the sale or redemption of1 any obligations held in the ,account shall be credited to and form a part of the ,account4 7#b7 ,prohibition on de minimis entries from certain countries 7,a7 ,in general ,not later than one year after the date of the enactment of the ,de ,minimis ,reciprocity ,act of #bjbc1 and annually thereafter1 the ,secretary of the ,treasury shall publish a list of countries the articles of which are not eligible for entry under subsection 7a77#b77;,c74 7,b7 ,criteria for inclusion 7i7 ,in general ,not later than #ahj days after the date of the enactment of the ,de ,minimis ,reciprocity ,act of #bjbc1 the ,secretary shall establish1 and submit to ,congress a report on1 the conditions for including a country on the list required by subparagraph 7,a74 7ii7 ,considerations ,in establishing under clause 7i7 conditions for including a country on the list required by subparagraph 7,a71 the ,secretary shall consider the following3 7,i7 ,violations by the country of the ,act entitled ,an ,act to ensure that goods made with forced labor in the ,xinjiang ,autonomous ,region of the ,people's ,republic of ,china do not enter the ,united ,states market1 and for other purposes1 approved ,december #bc1 #bjba 7,public ,law #aag-gh2 #ace ,stat4 #aebe7 7commonly referred to as the ,uyghur ,forced ,labor ,prevention ,act74 7,,ii7 ,transshipment through the country of goods from countries on the list4 7,,iii7 ,the exportation from the country of counterfeit goods4 7,,iv7 ,whether the government of the country is committed to the fight against trafficking in persons1 illegal narcotics1 and terrorism1 as demonstrated by-- 7aa7 the government of the country not being listed under subparagraph 7,c7 of section #aaj7;b77#a7 of the ,trafficking ,victims ,protection ,act of #bjjj 7#bb ,u4,s4,c4 #gajg7;b77#a77 7commonly referred to as tier #c7 in the most recent report on trafficking in persons required under such section 7commonly referred to as the ,trafficking in ,persons ,report72 and 7bb7 certification by the ,department of ,state that the government is participating in the fight against illegal narcotics and terrorism4 7,v7 ,such other issues as the ,secretary considers appropriate4 7,c7 ,countries required to be included 7i7 ,in general ,the following countries shall be included on the list required by subparagraph 7,a71 effective on the date of the enactment of the ,de ,minimis ,reciprocity ,act of #bjbc3 7,i7 ,the ,people's ,republic of ,china4 7,,ii7 ,the ,russian ,federation4 7ii7 ,removal from list ,a country specified in clause 7i7 may not be removed from the list required by subparagraph 7,a7 until the ,secretary certifies to ,congress that the government of the country has made progress with respect to the considerations described in subparagraph 7,b77ii74 7,d7 ,removal 7i7 ,in general ,the government of a country on the list required by subparagraph 7,a7 may petition the ,secretary for removal from the list4 7ii7 ,response time ,the ,secretary shall-- 7,i7 respond to a petition submitted under clause 7i7 not later than #ij days after receiving the petition2 and 7,,ii7 include in that response a description of any measures the government that submitted the petition is required to undertake to be removed from the list4 7,e7 ,consultations with ,congress ,the ,secretary shall consult with ,congress before adding a country to or removing a country from the list required by subparagraph 7,a74 7#c7 ,limitations on eligibility of carriers for importation of de minimis entries 7,a7 ,in general ,an article is eligible for entry under subsection 7a77#b77;,c7 only if the article is transported to the ,united ,states by a contract carrier4 7,b7 ,data requirements ,a contract carrier shall provide the following data with respect to each article entering under subsection 7a77#b77;,c73 7i7 ,the heading or subheading of the ,harmonized ,tariff ,schedule of the ,united ,states under which the article is classifiable4 7ii7 ,the country of origin of the article 7iii7 ,the country of manufacture of the article 7if different from the country of origin under clause 7ii774 7iv7 ,the shipper of record4 7v7 ,the importer of record4 7vi7 ,a description of the article4 7vii7 ,the fair market value in the ,united ,states of the article4 7,c7 ,collection of duties and taxes ,a contract carrier transporting articles entering under subsection 7a77#b77;,c7 shall be responsible for collecting the duties and taxes owed with respect to such articles and remitting those duties and taxes to ,u4,s4 ,customs and ,border ,protection4 7,d7 ,contract carrier defined ,in this paragraph1 the term contract carrier means a private entity that-- 7i7 is organized under the laws of the ,united ,states or any jurisdiction within the ,united ,states2 and 7ii7 ships small packages into the ,united ,states by air or land4 7#d7 ,de minimis entry defined ,in this subsection1 the term de minimis entry means the entry of articles imported by one person on one day with a fair retail value that does not exceed-- 7,a7 in the case of articles entering the ,united ,states1 the applicable threshold established under paragraph 7#a77;,a72 and 7,b7 in the case of articles entering any other country1 an amount determined by the government of that country to be de minimis4 4