BONDS AND OTHER SECURITY.

SEC. 647. BONDS AND OTHER SECURITY. Section 623 (19 U.S.C. 1623) is amended— (1) by inserting “and the manner in which the bond may be filed with or, pursuant to an authorized electronic data interchange system, transmitted to the Customs Service” after “form of such bond” in subsection (b)(1); and (2) by inserting at the end of subsection (d) the following new sentence: “Any bond transmitted to the Customs Service pursuant to an authorized electronic data interchange system shall have the same force and effect and be binding upon the parties thereto as if such bond were manually executed, signed, and filed.”.