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TREAS/CUSTOMS | RIN: 1515-AD56 | Publication ID: Spring 2015 |
Title: CBP's Bond Program | |
Abstract:
Amendment to reflect CBP's planned centralization of the continuous bond program at the CBP's Revenue Division. Pursuant to this centralization, all continuous bonds would be filed at the CBP's Revenue Division via mail, fax, or in an electronic format. The CBP's Revenue Division would assume most of the bond functions previously performed at the port level, with the noted exception that the authority to approve single transaction bonds will remain with port directors. These changes would support CBP's bond program by ensuring an efficient and uniform approach to the approval, maintenance, and periodic review of continuous bonds. Additionally, these changes update provisions to accommodate the use of information technology and modern business practices. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 19 CFR 101 19 CFR 113 | |
Legal Authority: 19 U.S.C. 1623 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest. | |
RIN Data Printed in the FR: No | |
Related RINs: Previously reported as 1505-AB54 | |
Agency Contact: Kara N. Welty Chief, Debt Management Branch Department of the Treasury Customs Revenue Function National Finance Center, Office of Administration, U.S. Customs and Border Protection, 6650 Telecom Drive, InTech, Suite 100, Indianapolis, IN 46278 Phone:317 614-4614 Email: kara.n.welty@cbp.dhs.gov Bruce W. Ingalls Director, Revenue Division Department of the Treasury Customs Revenue Function National Finance Center, Office of Administration, U.S. Customs and Border Protection, 6650 Telecom Drive, InTech, Suite 100, Indianapolis, IN 46278 Phone:317 298-1107 Email: bruce.ingalls@cbp.dhs.gov |