Requires U.S. businesses to value imported goods based on the last sale price, giving customs more access to records.
This bill would change how the government figures out the value of imported goods for customs duties. It would require U.S. businesses to use the price from the last sale when goods come into the country, especially for complex transactions. It also would give U.S. Customs and Border Protection clearer power to look at company records to check these values.
Currently, the rules for valuing imported goods for customs duties are not always explicitly defined. This is especially true when goods are sold multiple times before reaching the U.S. buyer, where the 'last sale' price isn't always clear. Also, U.S. Customs and Border Protection's power to access company records for valuation checks is less explicit. This bill would clearly define the value of imported goods as the price paid in the last sale to the U.S. buyer, particularly for goods involved in a series of sales. It would also explicitly state that U.S. Customs and Border Protection can access company books and records when making adjustments to these valuations.
S 3841 · 119th Congress · February 11, 2026 · AI Summary by gemini-2.5-flash · 9/10
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24 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.