Closing the De Minimis Loophole Act

HR 1840, the "Closing the De Minimis Loophole Act," ends the duty-free exemption for small shipments under $800 entering the U.S., directly affecting importers and e-commerce businesses, especially those shipping goods from China. It requires importers to provide detailed Harmonized Tariff Schedule (HTS) codes (up to 10 digits) for certain goods and mandates new documentation rules to ensure accurate duty collection. The law takes immediate effect for China-origin goods and applies to all other countries 120 days after enactment. The bill also requires the Treasury Department to create new regulations for enforcing these changes and handling postal shipments.