The Office of Management and Budget approved the “10+2” final rule in early November after conducting a detailed analysis of the costs it would impose on doing business across borders.

Following the OMB’s approval, CBP sent the final rule to the House Ways and Means, Transportation and Infrastructure, and Energy and Commerce committees and the Senate Finance and Commerce, Science and Transportation committees, which now have up to 60 days to review it.

Barring any complications however, U.S. Customs and Border Protection plans to publish the intensely debated “10+2” rule in the Federal Register before the end of November. The Importer Security Filing program will then become effective 90 days after notice is published in the Federal Register.

CBP has said it plans a one-year phased enforcement period to give companies time to adjust to the rule before penalties are issued. While many of the legal and procedural details have yet to be finalized, it is clear that the ISF will fundamentally alter both the timeline and manner in which import related information is provided to CBP.