House bill would extend de minimis treatment to companies in foreign trade zones

House Ways & Means Committee member Brad Wenstrup (R-OH) has introduced a bill aimed at extending de minimis treatment to companies operating within U.S. foreign trade zones, legislation his office says “complements” the panel’s recent effort to overhaul the de minimis channel. Wenstrup introduced the “ U.S. Foreign Trade Zone Parity Act ,” along with fellow Ways & Means panel Republicans Carol Miller (WV), Brian Fitzpatrick (PA) and Mike Carey (OH), as well as Democratic Reps. Ruben Gallego (AZ) and...