S3841Referred to Committee

Last Sale Valuation Act of 2026

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-02-11
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Bill Cassidy
Bill Cassidy
Republican · LA · Senator
Votes with party: 33.4% (299 recorded votes)

Full profile: /officials/C001075

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2026-02-11

Source: Congress.gov

Plain-English Summary

This bill would change how the U.S. values imported goods for tariff and tax purposes by using the price from the most recent sale of the product rather than other valuation methods currently used. The change would affect importers and companies that bring goods into the country, potentially altering how much they pay in tariffs and duties. The bill aims to simplify customs valuation rules and align U.S. practices with international trade standards.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Foreign Trade and International Finance
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