Securing Accountability in Foreign Entries Act

This bill, titled the Securing Accountability in Foreign Entries Act, requires importers of record to be U.S. citizens, permanent residents, or U.S.-based entities with physical locations and U.S. ownership to ensure they have a stake in U.S. compliance with customs laws. It mandates that importers of record pay duties and taxes directly from U.S.-based bank accounts verified through anti-money laundering procedures, and increases the minimum continuous import bond requirement to $100,000 for most importers. The legislation also establishes specific rules for foreign entities, requiring them to use U.S. subsidiaries or affiliates as importers of record, while allowing limited exceptions for large U.S.-based express consignment operators and carriers who can designate licensed customs brokers to serve in that role.