Which entity is responsible for overseeing customs regulations upon entry of goods into the U.S.?

The entity responsible for overseeing customs regulations upon the entry of goods into the U.S. is Customs and Border Protection (CBP). CBP plays a critical role in enforcing laws related to the import and export of goods, ensuring compliance with customs regulations, and protecting national security. It is tasked with collecting duties, preventing smuggling, and ensuring that all applicable laws and regulations are followed during the importation process.

CBP also works to facilitate legitimate trade and travel, which involves inspecting goods and verifying the accuracy of documentation. This ensures that all imports meet the standards set forth by U.S. law, including health, safety, and environmental regulations.

The other entities listed do not have this specific mandate. The Federal Reserve is primarily concerned with monetary policy and regulating financial institutions, the Department of Commerce focuses on promoting economic growth and job creation, and the Internal Revenue Service handles federal tax administration. Therefore, Customs and Border Protection is the appropriate agency entrusted with the oversight of customs regulations at the U.S. borders.