Washington, DC --
EMTC sent a letter to Congressional leaders seeking removal of the Import Security and Fairness Act from the America COMPETES Act legislation, which is pending before House and Senate conferees for final text negotiations. EMTC estimates that the de minimis provision will impose an additional cost of $499 billion on e-sellers, many of which are micro, small and medium size businesses (MSMEs).
EMTC has been a signatory to multi-association letters (issued in February 2022 and March 2022) advising Congress about the negative impact that including the Import Security and Fairness Act in the America COMPETES Act will have on U.S. companies. See EMTC Fact Sheet on the America COMPETES Act.
EMTC hopes that these cost estimates will provide Congress with the necessary information to strip the de minimis provision from the bill.
