August 16, 2024 Cost Estimate As ordered reported by the House Committee on Ways and Means on April 17, 2024 View Document275.02 KB At a Glance H.R. 7979, End China’s De Minimis Abuse Act As ordered reported by the House Committee on Ways and Means on April 17, 2024 By Fiscal Year, Millions of Dollars20242024-20292024-2034Direct Spending (Outlays)0-48-72Revenues010,01323,526Increase or Decrease (-) in the Deficit0-10,061-23,598Spending Subject to Appropriation (Outlays)015not estimatedIncreases net direct spending in any of the four consecutive 10-year periods beginning in 2035?NoStatutory pay-as-you-go procedures apply?YesMandate EffectsIncreases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?NoContains intergovernmental mandate?NoContains private-sector mandate?Yes, Under ThresholdThe bill wouldRevoke de minimis eligibility—the option to import certain goods worth less than $800 without paying customs dutiesRequire importers to report the 10-digit Harmonized Tariff Schedule code for any goods imported from ChinaCreate new civil penalties for using the de minimis exception to import goods that would be ineligible under the billImpose private-sector mandates on importersEstimated budgetary effects would mainly stem fromAdditional collections of customs revenues and customs user feesAdministrative costs for Customs and Border ProtectionAreas of significant uncertainty includeProjecting the volume of goods that would be subject to customs duties and customs user fees under the bill Data and Supplemental Information Table 1 Table 2 Legislative Information Available From Congress.gov
H.R. 7979, End China’s De Minimis Abuse Act As ordered reported by the House Committee on Ways and Means on April 17, 2024 By Fiscal Year, Millions of Dollars20242024-20292024-2034Direct Spending (Outlays)0-48-72Revenues010,01323,526Increase or Decrease (-) in the Deficit0-10,061-23,598Spending Subject to Appropriation (Outlays)015not estimatedIncreases net direct spending in any of the four consecutive 10-year periods beginning in 2035?NoStatutory pay-as-you-go procedures apply?YesMandate EffectsIncreases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?NoContains intergovernmental mandate?NoContains private-sector mandate?Yes, Under ThresholdThe bill wouldRevoke de minimis eligibility—the option to import certain goods worth less than $800 without paying customs dutiesRequire importers to report the 10-digit Harmonized Tariff Schedule code for any goods imported from ChinaCreate new civil penalties for using the de minimis exception to import goods that would be ineligible under the billImpose private-sector mandates on importersEstimated budgetary effects would mainly stem fromAdditional collections of customs revenues and customs user feesAdministrative costs for Customs and Border ProtectionAreas of significant uncertainty includeProjecting the volume of goods that would be subject to customs duties and customs user fees under the bill
