Sec. 115. Establishment of new importer program
210 words·~1 min read·
/bill/114/hr/644/eah/section-115A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than the date that is 180 days after the date of the enactment of this Act, the Commissioner shall establish a new importer program that directs U.S. Customs and Border Protection to adjust bond amounts for new importers based on the level of risk assessed by U.S. Customs and Border Protection for protection of revenue of the Federal Government. The Commissioner shall ensure that, as part of the new importer program established under subsection (a), U.S. Customs and Border Protection— develops risk-based criteria for determining which importers are considered to be new importers for the purposes of this subsection; develops risk assessment guidelines for new importers to determine if and to what extent— to adjust bond amounts of imported products of new importers; and to increase screening of imported products of new importers; develops procedures to ensure increased oversight of imported products of new importers relating to the enforcement of the priority trade issues described in section 118; develops procedures to ensure increased oversight of imported products of new importers by Centers of Excellence and Expertise established under section 110; and establishes a centralized database of new importers to ensure accuracy of information that is required to be provided by new importers to U.S.
Customs and Border Protection.