The Securing Accountability in Foreign Entries Act amends the Tariff Act of 1930 to impose additional requirements on importers of record.
The Securing Accountability in Foreign Entries Act amends the Tariff Act of 1930 to impose additional requirements on importers of record. It mandates that importers of record must be located in the United States and meet specific criteria, such as having a physical location in the United States and at least one owner or full-time employee who is a U.S. citizen or a lawful permanent resident. The act also requires importers of record to pay duties, taxes, and fees directly to U.S. Customs and Border Protection through an electronic transfer from a verified U.S. depository institution account.
The filed bill text is too short for analysis.