Territorial De Minimis Exemption Act

The "Territorial De Minimis Exemption Act" aims to permanently provide de minimis treatment for goods originating from specific U.S. territories. This means articles from the U.S. Virgin Islands, Guam, the Northern Mariana Islands, and American Samoa can be imported into the U.S. customs territory free of duty and import taxes, provided the aggregate fair retail value does not exceed $800 per person per day . The legislation explicitly prohibits the splitting of single orders to circumvent this limit and directs the Secretary of the Treasury to issue regulations ensuring consistent implementation of this privilege. Additionally, it amends the Tariff Act of 1930 to include the Northern Mariana Islands within the scope of the bona fide gifts exemption. Finally, the bill requires the President to consult with relevant Secretaries to ensure that any new, widely applicable U.S. trade policies do not adversely affect commerce in U.S. territories by treating their products as foreign imports.