S.489 - Low Value Shipment Regulatory Modernization Act of 2013113th Congress (2013-2014)
|Sponsor:||Sen. Thune, John [R-SD] (Introduced 03/07/2013)|
|Committees:||Senate - Finance|
|Latest Action:||03/07/2013 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Subject — Policy Area:
- Foreign Trade and International Finance
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Summary: S.489 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in Senate (03/07/2013)
Low Value Shipment Regulatory Modernization Act of 2013 - Expresses the sense of Congress that the United States Trade Representative (USTR) should encourage other countries, through bilateral, regional, and multilateral fora, to establish commercially meaningful de minimis values for express and postal shipments of articles that are exempt from customs duties and certain entry documentation requirements, as appropriate.
Amends the Tariff Act of 1930 to increase from $200 to $800 for 2014, and to $800 adjusted annually for inflation after 2014, the aggregate retail value in the country of shipment of articles that may be imported duty-free into the United States by one person on one day.