; or (B) in the case of merchandise described in such paragraph with a domestic value that is less than $50,000, be liable for a civil penalty equal to 50 percent of the amount of such domestic value for each such violation. (3) Other penalties In addition to the penalties specified in paragraph (2), any violation of this section that violates any other provision of the customs and trade laws of the United States (as defined in section 2 of the Trade Facilitation and Trade Enforcement Act of 2015 ( 19 U.S.C. 4301 )) shall be subject to any applicable civil or criminal penalty, including seizure and forfeiture, that may be imposed under that provision or title 18, United States Code. . (b) Clerical amendment The table of contents for the Tariff Act of 1930 is amended by inserting after the item relating to section 484b the following: Sec. 484c. Asset requirements applicable to nonresident importers. . (c) Effective date and application (1) In general Section 484c of the Tariff Act of 1930, as added by subsection (a)— (A) takes effect on the date of the enactment of this Act