Last Sale Valuation Act of 2026

This bill changes how U.S. Customs determines the value of imported goods for tariff purposes. It requires that for goods entering the U.S. through multiple sales, the price used for valuation must be the final sale price paid by the U.S. buyer before the goods enter the country, not earlier transactions. This directly affects importers who must now provide documentation showing this last sale price, and gives U.S. Customs and Border Protection (CBP) clearer authority to access business records for verification. The change aims to align customs valuation more closely with the actual transaction price paid by U.S. importers.