Securing Accountability in Foreign Entries Act

This bill would change federal customs law to set new requirements for the importer of record, the party responsible for bringing goods into the United States. Individuals would have to be U.S. citizens or permanent residents, and businesses would generally need a physical U.S. location with at least one owner or full-time employee who is a citizen or permanent resident, or meet other listed conditions. Importers of record would have to pay duties, taxes, and fees directly to U.S. Customs and Border Protection by electronic transfer from a verified U.S. bank account in their own name or a majority-owned U.S. entity's name. Importers using a continuous import bond would need a bond of at least $100,000 in their own name, with an exception allowing certain large express delivery carriers to use their own customs brokers as importers of record.

Full text and official record on Congress.gov

Sponsors

• Bill Cassidy Republican sponsor
• 0 cosponsors