H.R. 1840, titled the “Closing the De Minimis Loophole Act,” proposes changes to the Tariff Act of 1930 to eliminate de minimis treatment, which previously allowed certain small-value shipments to bypass tariffs. The bill specifies different timelines for ending this...
Simple Explanation
The bill is about changing a very old rule to make sure small packages from other countries, including China, pay the same kinds of taxes when they come here. This means everyone, even if they send tiny packages, will have to follow the new rules and pay the taxes.