A bill to amend the Tariff Act of 1930 to modify the determination of transaction value for customs valuation.

This bill would amend the Tariff Act of 1930 to change how U.S. Customs determines the transaction value of imported goods. Transaction value is the price actually paid or payable for goods when sold for export to the United States, and it serves as the basis for calculating tariffs and duties that importers must pay.

If enacted, this legislation could affect how tariffs are assessed on imported products, potentially impacting prices for consumers and businesses that rely on imported goods. The specific modifications to the valuation method are not detailed in the available information, but such changes could influence import costs across various industries. The bill is currently in the early stages of the legislative process, having been introduced in the Senate in February 2026 and referred to committee for consideration.