Tariff Refund Act of 2026
Sponsored By: Senator Ron Wyden
Introduced
Summary
Refunds of unlawfully collected duties under the International Emergency Economic Powers Act (EEPA) would be required and returned with interest to importers. The bill prioritizes small businesses and directs that refunds be passed through to customers, including families, by importers, wholesalers, and larger firms.
Show full summary
- Importers: U.S. Customs and Border Protection would refund all EEPA duties paid on covered articles with interest. Entries liquidated before enactment would be reliquidated at the duty rate that would have applied without EEPA duties.
- Small businesses: Refunds must be prioritized to the extent practicable. The Small Business Administration would help share information on required documentation, actions to take, and expected timelines.
- Consumers and downstream businesses: The bill requires refunds to be passed through by importers and wholesalers so small businesses and families that faced higher prices could receive relief.
- Administration and oversight: CBP would have to begin refunds within 180 days, report every 30 days to specified congressional committees on the number and amount of refunds with a small business breakdown, and issue guidance on drawback within 60 days.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Emergency tariff refunds for importers
If enacted, importers who paid duties under the International Emergency Economic Powers Act would be refunded those duties with interest. CBP would reliquidate entries made before enactment at the duty rate that would have applied without EEPA duties. Refunds would have to be completed no later than 180 days after enactment. CBP would, to the extent practicable, prioritize payments to small business concerns. CBP would coordinate with the Small Business Administration to notify small businesses about required documents and timelines. CBP would issue guidance on drawback claims within 60 days and report every 30 days to specified House and Senate committees until all refunds are paid, including a breakdown of refunds to small businesses versus others and an estimate of completion time.
Sponsors & CoSponsors
Sponsor
Ron Wyden
OR • D
Cosponsors
Edward Markey
MA • D
Sponsored 2/24/2026
Jeanne Shaheen
NH • D
Sponsored 2/24/2026
Sen. Luján, Ben Ray [D-NM]
NM • D
Sponsored 2/24/2026
Mazie Hirono
HI • D
Sponsored 2/24/2026
Christopher Coons
DE • D
Sponsored 2/24/2026
John Hickenlooper
CO • D
Sponsored 2/24/2026
Angus King
ME • I
Sponsored 2/24/2026
Angela Alsobrooks
MD • D
Sponsored 2/24/2026
Andy Kim
NJ • D
Sponsored 2/24/2026
Maria Cantwell
WA • D
Sponsored 2/24/2026
Jacky Rosen
NV • D
Sponsored 2/24/2026
Richard Durbin
IL • D
Sponsored 2/24/2026
Timothy Kaine
VA • D
Sponsored 2/24/2026
Alex Padilla
CA • D
Sponsored 2/24/2026
Mark Warner
VA • D
Sponsored 2/24/2026
Adam Schiff
CA • D
Sponsored 2/24/2026
Richard Blumenthal
CT • D
Sponsored 2/24/2026
Charles Schumer
NY • D
Sponsored 2/24/2026
Patty Murray
WA • D
Sponsored 2/24/2026
Chris Van Hollen
MD • D
Sponsored 2/24/2026
Michael Bennet
CO • D
Sponsored 2/24/2026
Gary Peters
MI • D
Sponsored 2/24/2026
Lisa Blunt Rochester
DE • D
Sponsored 2/24/2026
Jeff Merkley
OR • D
Sponsored 2/24/2026
Raphael Warnock
GA • D
Sponsored 2/24/2026
Tammy Duckworth
IL • D
Sponsored 3/9/2026
Roll Call Votes
No roll call votes available for this bill.
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