OFFICIAL LEGAL TITLE
Securing Accountability in Foreign Entries Act
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 119_S_4003.
Which chamber initiated this legislation?
This legislation was initiated in the Senate.
When did the legislative process begin?
The process officially started on 2026-03-05.
What are the main provisions?
Key points include:
- Importers must have a physical location in the U.S., not just a mailbox or virtual address.
- Individual importers must be U.S. citizens or lawful permanent residents.
- All customs duties and taxes must be paid electronically from a U.S.-authorized depository institution.
- The minimum continuous import bond required is increased to $100,000.
- Depository institutions must verify the identity of account holders under an anti-money-laundering customer identification program.
What is the specific legal status?
The current status is Introduced.
Where can I read the full text of this legislation?
The full official text is available at:
View full text
Who is the primary sponsor?
The primary sponsor is Sen. Cassidy, Bill [R-LA].
What is the latest detailed status?
The latest detailed status is: Introduced in Senate
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-21.
What is the impact of this bill?
We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.