Tuesday, March 23, 2010

Broker Records

For my broker friends . . . .

Customs and Border Protection is proposing to amend the record keeping rules to (1) permit records to be kept anywhere in the U.S. and (2) to eliminate the 120-day paper document retention period. According to the notice,

The changes proposed in this document are intended to conform CBP's recordkeeping requirements to reflect modern business practices whereby documents are often generated, stored and transmitted in an electronic format. The proposed changes serve to remove duplicative recordkeeping requirements and streamline recordkeeping procedures for brokers who maintain electronic recordkeeping systems without compromising the agency's ability to monitor and enforce recordkeeping compliance.
Comments are due May 24, an auspicious date as it is my birthday.

1 comment:

jthatcher79 said...

as is my wife's Birthday... :)