On June 3, 2026, President Trump signed an Executive Order titled Strengthening U.S. Customs Enforcement. The order aims to reform customs enforcement, tighten Importer of Record eligibility, and implementing measures to protect U.S. revenue from evasion of customs duties.
The EO states that the revisions shall include:
- Requiring that an IOR maintain at all times a minimum level of tangible domestic assets, bonding, or both, as determined by U.S. Customs and Border Protection (CBP) to be necessary to ensure compliance with U.S. customs and trade laws, and increasing the minimum required bond coverage for an IOR.
- Requiring that an IOR be designated and reported to CBP, and that a bond, or sufficient tangible domestic assets, or both, be required, for all formal entries under 19 U.S.C. 1484 and informal entries under regulations promulgated pursuant to 19 U.S.C. 1498.
- Requiring that an IOR provide to CBP additional data and identification information, including anticipated import volumes, year organized, ownership and beneficial ownership disclosures, business affiliation disclosures, and domestic asset disclosures, and any other data that CBP deems necessary.
https://www.whitehouse.gov/presidential-actions/2026/06/strengthening-customs-enforcement