According to reports from JD Supra and other specialized sources, the U.S. government is expected to issue an Executive Order titled 'Strengthening Customs Enforcement' that would introduce significant restrictions on the use of foreign entities as Importer of Record (IOR). If enacted, the measure aims to enhance customs control and ensure compliance with trade regulations. As of this publication, the official text of the order has not been released.
Historically, many companies have used foreign entities as IOR to facilitate imports, particularly when they have no fiscal presence in the U.S. This practice has raised compliance and security concerns. The new executive order would target closing potential legal loopholes and directly hold U.S. importers accountable.
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