Sponsors (2)
The bill trades clearer, more predictable customs-valuation rules that benefit U.S. importers and streamline administration against potential reduced tariff revenue, transitional implementation costs for CBP, and margin impacts for foreign sellers.
Importers and U.S. buyers (including small businesses and financial institutions) get clearer, more predictable valuation rules—using the last sale price for chains of transactions—to reduce disputes, prevent overstatement of dutiable value, and lower or clarify duty costs.
U.S. Customs and Border Protection and other customs administrators gain clearer statutory guidance for assessing duties, which should streamline import processing and reduce litigation and administrative ambiguity.
Taxpayers could lose tariff revenue if importers structure transactions to exploit the narrower definition of 'sold for exportation to the United States' and minimize declared dutiable values.
If the new statutory definition differs from current CBP practice or international valuation norms, CBP and importers may face transitional disputes, administrative updates, and short-term implementation costs or confusion.
Some foreign sellers or intermediaries may see reduced ability to shift costs into earlier transaction prices, which can compress their margins or prompt price adjustments in supply chains.
Based on analysis of 2 sections of legislative text.
Defines "sold for exportation to the United States" for customs valuation as the price paid by the U.S. buyer, using the last sale into the U.S. for chains of sales.
Official title: Amend the Tariff Act of 1930 to modify the determination of transaction value for customs valuation.
Introduced February 11, 2026 by Bill Cassidy · Last progress February 11, 2026
Creates a statutory definition of “sold for exportation to the United States” for customs valuation that ties the value to the actual price paid by the U.S. buyer: for a single sale, the price paid by the U.S. buyer to the foreign seller; for a chain of sales, the price paid in the last sale that brings the goods into the United States. Also makes a minor non‑substantive insertion adjustment in an unrelated paragraph of the same customs statute.