3 Apr 2025
📊Foreign Trade Zones Annual Reconciliation Requirements Overview
Agency Information Collection Activities; Extension; Foreign Trade Zones Annual Reconciliation and Recordkeeping Requirement
Summary
The Department of Homeland Security, U.S. Customs and Border Protection (CBP) will be submitting the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). The information collection is published in the Federal Register to obtain comments from the public and affected agencies.
Agencies
- Homeland Security Department
- U.S. Customs and Border Protection
Business Impact
$$ - Med
The content pertains to compliance and regulatory requirements for businesses operating in Foreign Trade Zones (FTZ), specifically regarding annual reconciliation and recordkeeping. This entails time and resource commitments to meet federal documentation standards, which directly impacts business operations.