RECORDKEEPING.

SEC. 614. RECORDKEEPING. Section 508 (19 U.S.C. 1508) is amended— (1) by amending subsection (a) to read as follows: “(a) Requirements.— Any— “(1) owner, importer, consignee, importer of record, entry filer, or other party who— “(A) imports merchandise into the customs territory of the United States, files a drawback claim, or transports or stores merchandise carried or held under bond, or “(B) knowingly causes the importation or transportation or storage of merchandise carried or held under bond into or from the customs territory of the United States; “(2) agent of any party described in paragraph (1); or “(3) person whose activities require the filing of a declaration or entry, or both; 107 STAT. 2175shall make, keep, and render for examination and inspection records (which for purposes of this section include, but are not limited to, statements, declarations, documents and electronically generated or machine readable data) which— “(A) pertain to any such activity, or to the information contained in the records required by this Act in connection with any such activity; and “(B) are normally kept in the ordinary course of business.”; and (2) by amending subsection (c) to read as follows: “(c) Period of Time.— The records required by subsections (a) Claims, and (b) shall be kept for such period of time, not to exceed 5 years from the date of entry or exportation, as appropriate, as the Secretary shall prescribe; except that records for any drawback claim shall be kept until the 3rd anniversary of the date of payment of the claim.”.