OFFICIAL LEGAL TITLE
U.S. Foreign Trade Zone Parity Act of 2024
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 118_HR_8059.
Which chamber initiated this legislation?
This legislation was initiated in the House of Representatives.
When did the legislative process begin?
The process officially started on 2024-04-17.
What are the main provisions?
Key points include:
- Allows US Foreign Trade Zones to utilize the $800 duty-free threshold (de minimis rule) for low-value e-commerce shipments withdrawn for consumption.
- Removes regulatory barriers that previously discouraged US logistics centers from handling high volumes of small, duty-free online orders.
- Requires the Treasury Department to establish new valuation methods for these goods to ensure fair calculation of duties when applicable.
What is the specific legal status?
The current status is Expired.
Where can I read the full text of this legislation?
The full official text is available at:
View full text
Who is the primary sponsor?
The primary sponsor is Rep. Wenstrup, Brad R. [R-OH-2].
What is the latest detailed status?
The latest detailed status is: Referred to the Subcommittee on Trade.
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.
What is the impact of this bill?
We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.