S.3841

Amends the Tariff Act of 1930 to change how transaction value is determined for customs valuation.

The Last Sale Valuation Act of 2026 modifies the Tariff Act of 1930 to change the way transaction value is determined for customs valuation. It specifies that for a single sale, the transaction value is the price paid by the U.S. buyer to the foreign seller. For a series of sales, it is the price paid in the last sale that brings the merchandise into the United States. This change affects customs valuation procedures and allows U.S. Customs and Border Protection to access books and records.