Bills · S 4003
IN COMMITTEE· 119TH CONGRESS
Senate BillS 4003Foreign Trade and International Finance
Securing Accountability in Foreign Entries Act
This bill requires companies importing goods into the United States to have a physical presence and at least one employee in the country to ensure they follow trade laws and pay their taxes.AI-written
INTRO MAR 5· LAST ACTION MAR 5
READING
11MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
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- Introduced only
tl;dr
AI-writtenEnds the use of 'ghost' importers by requiring every entity shipping goods into the U.S. to have a physical American office and pay taxes from a U.S. bank—ensuring foreign sellers can be held legally and financially accountable.
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenCurrently, many foreign sellers exploit loopholes to ship goods into the U.S. without paying proper tariffs or following safety regulations. When the government tries to fine them or stop illegal shipments, they often find only a 'ghost' address or a PO box, making enforcement impossible. This bill closes those loopholes by requiring a 'skin in the game' presence on U.S. soil.
For the average consumer, this could lead to better safety oversight of imported products and ensure that domestic businesses aren't being undercut by foreign companies that cheat on taxes. However, it might also increase costs for some international goods if small foreign sellers find the requirement to have a U.S. office too expensive.
KEY PROVISIONS
4AI-extractedPROVISION 01
Requires the importer of record to be a U.S. citizen, permanent resident, or a U.S.-based entity with at least one American employee.
It ensures the U.S. government has a specific person or company to hold accountable for legal or financial violations.
PROVISION 02
Defines 'physical location' to exclude virtual offices, PO boxes, and shared spaces unless permanently occupied.
This prevents foreign companies from using fake or temporary addresses to bypass accountability.
PROVISION 03
Requires all duties and taxes to be paid via electronic transfer from a U.S.-chartered bank account in the importer's name.
This creates a clear financial paper trail and ensures taxes are paid by the party actually responsible for the goods.
PROVISION 04
Mandates that U.S. Customs and Border Protection verify importer identities using their own tools rather than relying on third parties.
It forces the government to take a more active role in policing who is bringing goods into the country.
SPONSORSHIP
1 + 0
R· Louisiana
YRS IN OFFICE
17
BILLS LED
118
ACTION TIMELINE
2 EVENTSMAR 5
Introduced in Senate
MAR 5
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 4003
Congress119th
StatusIn Committee
IntroducedMar 5, 2026
Last actionMar 5, 2026
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IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED MAR 5, 2026
Senate BillS 4003Foreign Trade and International Finance
Securing Accountability in Foreign Entries Act
This bill requires companies importing goods into the United States to have a physical presence and at least one employee in the country to ensure they follow trade laws and pay their taxes.AI-written
INTRODUCED MAR 5, 2026· LAST ACTION MAR 5, 2026
PASSAGE CHANCES
—%
READING
11 min
COSPONSORS
0
COMPLEXITY
Moderate
