This bill, known as the Securing Accountability in Foreign Entries Act, significantly amends the Tariff Act of 1930 to enhance accountability and transparency for importers of record by requiring a verifiable U.S. presence and stricter financial regulations. It mandates that an importer of record must be either a United States citizen or lawful permanent resident , or an entity with a physical location in the U.S. and at least one U.S. citizen or permanent resident owner or employee. Exceptions are provided for entities organized in Canada, Australia, or certain "covered countries," and for affiliates of large, established U.S. entities meeting specific operational and employment criteria, all designed to prevent foreign entities without a clear U.S. nexus from acting as importers. The legislation further requires importers of record to directly pay all duties, taxes, and fees to U.S. Customs and Border Protection via electronic transfer from a U.S.-chartered bank account. This account must be held in the importer's legal name and verified through an anti-money laundering customer identification program, with the importer providing account details and a bank attestation to CBP to enhance financial traceability. Additionally, the bill significantly increases the continuous import bond requirement to a minimum of $100,000 for most importers of record. An exception allows certain large, U.S.-based express consignment operators to designate wholly-owned customs brokers as importers of record and use the broker's bond, provided they meet stringent operational and employment criteria.