The Fixing Our Regulatory Mayhem Upsetting Little Americans (Formula) Act was created to provide temporary relief of domestic baby food shortages by lowering tariffs that impede the importation of foreign formula.
The tariff reductions apply to goods entered or withdrawn from warehouse for consumption on or after the date this act becomes law and before the end of December 31, 2022.
This Act amends the Harmonized Tariff Schedule (HTS)* to remove specified duties, fees, and quotas from imported infant formula.
*HTS categorizes and sets tariff rates for all merchandise imported into the United States.