Last Sale Valuation Act of 2026

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3841 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3841 To amend the Tariff Act of 1930 to modify the determination of transaction value for customs valuation. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 11, 2026 Mr. Cassidy (for himself and Mr. Whitehouse) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Tariff Act of 1930 to modify the determination of transaction value for customs valuation. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Last Sale Valuation Act of 2026''. SEC. 2. MODIFICATION TO DETERMINATION OF TRANSACTION VALUE FOR CUSTOMS VALUATION. Section 402 of the Tariff Act of 1930 (19 U.S.C. 1401a) is amended-- (1) in subsection (b)(4), by adding at the end the following: ``(C) The term `sold for exportation to the United States', with respec…