; and (B) to the best of the person’s knowledge, with respect to each importation of a covered product, the foreign manufacturer or producer of the product has registered an agent in the United States as required under subsection (a). (2) Electronic submission Not later than 1 year after the date of the enactment of this Act, the Commissioner of U.S. Customs and Border Protection shall establish a mechanism whereby declarations made pursuant to paragraph (1) may be submitted electronically and maintained as an electronic record within the data management systems of U.S. Customs and Border Protection. (3) Regulations (A) In general Not later than 1 year after the date of the enactment of this Act, the Commissioner of U.S. Customs and Border Protection shall prescribe regulations to carry out this subsection. (B) Summary declaration The regulations required by subparagraph (A) shall require that each declaration of an importer made pursuant to paragraph (1) with respect to a covered product shall accompany the entry summary documentation for such product or, in the case of repeated transactions, may be submitted on an annual basis. (4) Penalties Any person who fails to provide a declaration required under paragraph (1), or files a false declaration, shall be subject to any appropriate penalty under section 592 of the Tariff Act of 1930 ( 19 U.S.C. 1592 ) or title 18, United States Code, with respect to importation of a covered product. (e) Regulations (1) In general Not later than 1 year after the date of the enactment of this Act, the Secretary of Commerce, the Commissioner of U.S. Customs and Border Protection, and each head of an applicable agency shall prescribe regulations to carry out this section, including the establishment of minimum values and quantities under subsection (a)(4). (2) Interagency cooperation The Secretary of Commerce, the Commissioner responsible for U.S. Customs and Border Protection, and each head of an applicable agency shall cooperate and consult with one another for the purpose of— (A)