,,ii  #aah? ,,congress  #a/ ,session    
,s4 #aifi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #ad1 #bjbc,mr4   
,cassidy 7= himself1 ,ms4 ,baldw91 &    
,mr4 ,vance7 introduc$ ! foll[+ bill2   
:i* 0 read twice & ref]r$ to !          
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,t>iff ,act ( #aicj to require   
reciprocity ) respect to de m9imis      
entries ( articles1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,de ,m9imis ,reciprocity ,act ( #bjbc4
  #b4 ,modification ( treatm5t ( de     
m9imis entries ( articles ,section #cba 
( ,t>iff ,act ( #aicj 7#ai ,u4,s4,c4    
#acba7 is am5d$-- 7#a7 by am5d+         
subsection 7a77#b77;,c7 to read z       
foll[s3  7,c7 9 any o!r case1 su* am\nt 
z ! ,secret>y e/abli%es "u subsection   
7c77#a74  2 &  7#b7 by add+ at ! end !  
foll[+3  7c7 ,treatm5t ( de m9imis      
entries  7#a7 ,reciprocity ) respect to 
de m9imis entries  7,a7 ,e/abli%m5t (   
?re%olds  7i7 ,9 g5]al ,n lat] ?an #ahj 
days aft] ! date ( ! enactm5t ( ! ,de   

,m9imis ,reciprocity ,act ( #bjbc1 !    
,secret>y ( ! ,treasury %all prescribe  
regulations to e/abli% doll> am\nt      
?re%olds1 :i* may n exce$ #hjj1 = de    
m9imis entries = purposes ( subsection  
7a77#b77;,c74  7ii7 ,requirem5ts ,!     
,secret>y %all e/abli% a ?re%old "u     
clause 7i7 = ea* c\ntry t takes into    
consid]ation-- 7,i7 ! doll> am\nt       
?re%old ( t c\ntry = de m9imis entries f
 ! ,unit$ ,/ates2 &  7,,ii7 any relat$  
?re%olds ( t c\ntry1 su* z a ?re%old    
relat+ to a value-add$ tax on imports4  
7iii7 ,publication2 notification ,n lat]
 ?an #ahj days aft] ! date ( ! enactm5t 
( ! ,de ,m9imis ,reciprocity ,act (     
#bjbc1 ! ,secret>y %all-- 7,i7 publi% ! 
?re%old e/abli%$ "u clause 7i7 9 !      
,f$]al ,regi/]2 &  7,,ii7 notify !      
gov]nm5ts ( =eign c\ntries ( ! ?re%old4 
7,b7 ,re-%or+ & ,ne>-%or+ ,acc\nt  7i7  
,9 g5]al ,!re is e/abli%$ )9 ! ,treasury
 ( ! ,unit$ ,/ates an acc\nt to be kn[n 
z ! ,re-%or+ & ,ne>-%or+ ,acc\nt 79 ?is 
subp>agraph ref]r$ to z ! ,acc\nt71     

consi/+ ( su* am\nts z are-- 7,i7       
transf]r$ to ! ,acc\nt "u clause 7ii72 &
  7,,ii7 cr$it$ to ! ,acc\nt "u clause  
7iv74  7ii7 ,transf] ( am\nts           
attributable to de m9imis entries  7,i7 
,9 g5]al ,! ,secret>y ( ! ,treasury %all
 transf] to ! ,acc\nt f ! g5]al fund ( !
 ,treasury1 = fiscal ye> #bjbd & ea*    
fiscal ye> !reaft]1 an am\nt equival5t  
to ! am\nt receiv$ into ! g5]al fund    
dur+ t fiscal ye> t ! ,secret>y det]m9es
 is attributable to rev5ue receiv$ z a  
result ( ! doll> am\nt ?re%olds e/abli%$
 "u subp>agraph 7,a74  7,,ii7 ,frequ5cy 
( transf]s ,! ,secret>y %all transf]    
am\nts requir$ by subclause 7,i7 to be  
transf]r$ to ! ,acc\nt n less frequ5tly 
?an qu>t]ly4  7iii7 ,use ( am\nts       
,am\nts 9 ! ,acc\nt %all be available1  
)\t fur!r appropriation1 = ! purposes ( 
facilitat+ ! movem5t ( manufactur+ f !  
,p's ,republic ( ,*9a to ! ,unit$       
,/ates4  7iv7 ,inve/m5t ( am\nts  7,i7  
,9 g5]al ,except z provid$ 9 subclause  
7,,ii71 ! ,secret>y %all inve/ su*      

portion ( ! ,acc\nt z is n requir$ to   
meet curr5t )drawals 9 int]e/-be>+      
obligations ( ! ,unit$ ,/ates or 9      
obligations gu>ante$ z to bo? pr9cipal &
 int]e/ by ! ,unit$ ,/ates4  7,,ii7     
,au?orization ( inve/m5t 9 o!r in/rum5ts
  7aa7 ,9 g5]al ,! ,secret>y may inve/  
su* portion ( ! ,acc\nt z ! ,secret>y   
anticipates w be held 9 ! ,acc\nt = n   
less ?an #b ye>s 9 equity securities or 
o!r securities ?r\gh a comm]cial bank if
 ! ,secret>y det]m9es su* inve/m5ts are 
appropriate4  7bb7 ,def9itions ,9 ?is   
subclause1 ! t]ms equity security &     
security h ! mean+s giv5 ^? t]ms 9      
section #c7;a7 ( ! ,securities ,ex*ange 
,act ( #aicd 7#ae ,u4,s4,c4 #gh;c7a774  
7,,iii7 ,int]e/ & proce$s ,! int]e/ on1 
& ! proce$s f ! sale or r$emption (1 any
 obligations held 9 ! ,acc\nt %all be   
cr$it$ to & =m a "p ( ! ,acc\nt4  7#b7  
,prohibition on de m9imis entries f     
c]ta9 c\ntries  7,a7 ,9 g5]al ,n lat]   
?an "o ye> aft] ! date ( ! enactm5t ( ! 
,de ,m9imis ,reciprocity ,act ( #bjbc1 &

 annually !reaft]1 ! ,secret>y ( !      
,treasury %all publi% a li/ ( c\ntries !
 articles ( :i* are n eligible = entry  
"u subsection 7a77#b77;,c74  7,b7       
,crit]ia = inclusion  7i7 ,9 g5]al ,n   
lat] ?an #ahj days aft] ! date ( !      
enactm5t ( ! ,de ,m9imis ,reciprocity   
,act ( #bjbc1 ! ,secret>y %all e/abli%1 
& submit to ,congress a report on1 !    
conditions = includ+ a c\ntry on ! li/  
requir$ by subp>agraph 7,a74  7ii7      
,consid]ations ,9 e/abli%+ "u clause 7i7
 conditions = includ+ a c\ntry on ! li/ 
requir$ by subp>agraph 7,a71 ! ,secret>y
 %all consid] ! foll[+3 7,i7 ,violations
 by ! c\ntry ( ! ,act entitl$ ,an ,act  
to ensure t goods made ) =c$ labor 9 !  
,x9jiang ,autonom\s ,region ( ! ,p's    
,republic ( ,*9a d n ent] ! ,unit$      
,/ates m>ket1 & = o!r purposes1 approv$ 
,decemb] #bc1 #bjba 7,public ,law       
#aag-gh2 #ace ,/at4 #aebe7 7commonly    
ref]r$ to z ! ,uyghur ,=c$ ,labor       
,prev5tion ,act74  7,,ii7 ,trans%ipm5t  
?r\gh ! c\ntry ( goods f c\ntries on !  

li/4  7,,iii7 ,! exportation f ! c\ntry 
( c\nt]feit goods4  7,,iv7 ,:e!r !      
gov]nm5t ( ! c\ntry is committ$ to !    
fight aga9/ traffick+ 9 p]sons1 illegal 
n>cotics1 & t]rorism1 z demon/rat$ by-- 
7aa7 ! gov]nm5t ( ! c\ntry n be+ li/$ "u
 subp>agraph 7,c7 ( section #aaj7;b77#a7
 ( ! ,traffick+ ,victims ,protection    
,act ( #bjjj 7#bb ,u4,s4,c4             
#gajg7;b77#a77 7commonly ref]r$ to z ti]
 #c7 9 ! mo/ rec5t report on traffick+ 9
 p]sons requir$ "u su* section 7commonly
 ref]r$ to z ! ,traffick+ 9 ,p]sons     
,report72 &  7bb7 c]tification by !     
,dep>tm5t ( ,/ate t ! gov]nm5t is       
p>ticipat+ 9 ! fight aga9/ illegal      
n>cotics & t]rorism4  7,v7 ,su* o!r     
issues z ! ,secret>y consid]s           
appropriate4  7,c7 ,c\ntries requir$ to 
be includ$  7i7 ,9 g5]al ,! foll[+      
c\ntries %all be includ$ on ! li/       
requir$ by subp>agraph 7,a71 effective  
on ! date ( ! enactm5t ( ! ,de ,m9imis  
,reciprocity ,act ( #bjbc3 7,i7 ,! ,p's 
,republic ( ,*9a4  7,,ii7 ,! ,russian   

,f$]ation4  7ii7 ,removal f li/ ,a      
c\ntry specifi$ 9 clause 7i7 may n be   
remov$ f ! li/ requir$ by subp>agraph   
7,a7 until ! ,secret>y c]tifies to      
,congress t ! gov]nm5t ( ! c\ntry has   
made progress ) respect to !            
consid]ations describ$ 9 subp>agraph    
7,b77ii74  7,d7 ,removal  7i7 ,9 g5]al  
,! gov]nm5t ( a c\ntry on ! li/ requir$ 
by subp>agraph 7,a7 may petition !      
,secret>y = removal f ! li/4  7ii7      
,response "t ,! ,secret>y %all-- 7,i7   
respond to a petition submitt$ "u clause
 7i7 n lat] ?an #ij days aft] receiv+ ! 
petition2 &  7,,ii7 include 9 t response
 a description ( any measures ! gov]nm5t
 t submitt$ ! petition is requir$ to    
und]take to be remov$ f ! li/4  7,e7    
,consultations ) ,congress ,! ,secret>y 
%all consult ) ,congress be=e add+ a    
c\ntry to or remov+ a c\ntry f ! li/    
requir$ by subp>agraph 7,a74  7#c7      
,limitations on eligibility ( c>ri]s =  
importation ( de m9imis entries  7,a7 ,9
 g5]al ,an article is eligible = entry  

"u subsection 7a77#b77;,c7 only if !    
article is transport$ to ! ,unit$ ,/ates
 by a contract c>ri]4  7,b7 ,data       
requirem5ts ,a contract c>ri] %all      
provide ! foll[+ data ) respect to ea*  
article ent]+ "u subsection             
7a77#b77;,c73 7i7 ,! head+ or subhead+ (
 ! ,h>moniz$ ,t>iff ,s*$ule ( ! ,unit$  
,/ates "u :i* ! article is classifiable4
  7ii7 ,! c\ntry ( orig9 ( ! article    
7iii7 ,! c\ntry ( manufacture ( !       
article 7if diff]5t f ! c\ntry ( orig9  
"u clause 7ii774  7iv7 ,! %ipp] (       
record4  7v7 ,! import] ( record4  7vi7 
,a description ( ! article4  7vii7 ,!   
fair m>ket value 9 ! ,unit$ ,/ates ( !  
article4  7,c7 ,collection ( duties &   
taxes ,a contract c>ri] transport+      
articles ent]+ "u subsection            
7a77#b77;,c7 %all be responsible =      
collect+ ! duties & taxes ow$ ) respect 
to su* articles & remitt+ ^? duties &   
taxes to ,u4,s4 ,cu/oms & ,bord]        
,protection4  7,d7 ,contract c>ri] def9$
 ,9 ?is p>agraph1 ! t]m contract c>ri]  

means a private entity t-- 7i7 is       
organiz$ "u ! laws ( ! ,unit$ ,/ates or 
any jurisdiction )9 ! ,unit$ ,/ates2 &  
7ii7 %ips small packages into ! ,unit$  
,/ates by air or l&4  7#d7 ,de m9imis   
entry def9$ ,9 ?is subsection1 ! t]m de 
m9imis entry means ! entry ( articles   
import$ by "o p]son on "o day ) a fair  
retail value t does n exce$-- 7,a7 9 !  
case ( articles ent]+ ! ,unit$ ,/ates1 !
 applicable ?re%old e/abli%$ "u p>agraph
 7#a77;,a72 &  7,b7 9 ! case ( articles 
ent]+ any o!r c\ntry1 an am\nt det]m9$  
by ! gov]nm5t ( t c\ntry to be de       
m9imis4  4