Page:United States Statutes at Large Volume 108 Part 2.djvu/246

 108 STAT. 962 PUBLIC LAW 103-272—JULY 5, 1994 (C) requirements that ensure that the importer (or a successor in interest) will be able technically and financially to carry out responsibilities under sections 30117(b), 30118-30121, and 30166(f) of this title. (2) The Secretary of Transportation shall deny registration to a person whose registration is revoked under paragraph (4) of this subsection. (3) The Secretary of Transportation may deny registration to a person that is or was owned or controlled by, or under common ownership or control with, a person whose registration was revoked under paragraph (4) of this subsection. (4) The Secretary of Transportation shall establish procedures for— (A) revoking or suspending a registration issued under paragraph (1) of this subsection for not complying with a requirement of this subchapter or section 30112, 30115, 30117- 30122, 30125(c), 30127, or 30166 of this title or regulations prescribed under this subchapter or those sections; (B) automatically suspending a registration for not paying a fee under subsection (a)(3) of this section in a timely manner or for knowingly filing a false or misleading certification under section 30146 of this title; and (C) reinstating suspended registrations. (d) BONDS.— (1) A person importing a motor vehicle under this section shall provide a bond to the Secretary of the Treasury (acting for the Secretary of Transportation) and comply with the terms the Secretary of Transportation decides are appropriate to ensure that the vehicle— (A) will comply with applicable motor vehicle safety standards prescribed under this chapter within a reasonable time (specified by the Secretary of Transportation) after the vehicle is imported; or (B) will be exported (at no cost to the United States Government) by the Secretary of the Treasury or abandoned to the Government. (2) The amount of the bond provided under this subsection shall be at least equal to the dutiable value of the motor vehicle (as determined by the Secretary of the Treasury) but not more than 150 percent of that value. (e) FEE REVIEW, ADJUSTMENT, AND USE. —The Secretary of Transportation shall review and make appropriate adjustments at least every 2 years in the amounts of the fees required to be paid under subsection (a)(3) of this section. The Secretary of Transportation shall establish the fees for each fiscal year before the beginning of that year. All fees collected remain available until expendfed without fiscal year limit to the extent provided in advance by appropriation laws. The amounts are only for use by the Secretary of Transportation— (1) in carrying out this section and sections 30146(a)-(c)(l), (d), and (e) and 30147(b) of this title; and (2) in advgmcing to the Secretary of the Treasury amounts for costs incurred under this section and section 30146 of this title to reimburse the Secretary of the Treasury for those costs. § 30142. Importing motor vehicles for personal use (a) GENERAL.—Section 30112(a) of this title does not apply to an imported motor vehicle if—

�