# 119-hr-7636: To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit.

119-hr-7636, To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit., is a 119th Congress bill sponsored by Rep. Thompson, Mike [D-CA-4] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-09-05).

- Canonical: https://policyrisk.com/legislation/119-hr-7636
- As of: 2026-09-05
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7636
- Congress: 119
- Title: To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit.
- Status: introduced
- Introduced: 2026-02-20
- Sponsor: Rep. Thompson, Mike [D-CA-4] (D-CA)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-05

## Summary

**Individual Tariff Refund Credit** would create a refundable credit that gives households payments when a court orders the federal government to repay unlawfully collected tariffs. The bill also would impose a 100% excise tax on certain corporate tariff refunds to limit non‑qualifying windfalls. - Families and households: Eligible individuals would be allocated a per-household payment based on total covered tariff revenues divided across eligible household members. Payments would be advanced quickly and mailed with a notice within 15 days and no interest on overpayments. - U.S. possessions and territories: The Treasury would provide payments to possessions to cover losses or foregone benefits and account for added administrative costs, generally capped at $500,000 and capped at $10,000,000 for Puerto Rico. The bill treats mirror-code territories using U.S. tax rules for resident liability. - Businesses and large taxpayers: A new excise tax would apply at 100% to non-qualifying tariff refunds received in business. An exception lets taxpayers avoid the excise if price increases during the covered period did not exceed 50% of the tariffs on inputs, with the covered period from January 20, 2025 to the date of a covered court order.

## Cosponsors (2)

- Rep. Casar, Greg [D-TX-35] (D-TX), 2026-08-13T00:00:00.000Z
- Rep. Scholten, Hillary J. [D-MI-3] (D-MI), 2026-09-03T00:00:00.000Z

## Provisions PRIA read

- Big businesses face 100% excise: cost, high. If enacted, large businesses would owe an excise tax equal to 100% of tariff refunds they receive in the course of business. The rule would apply to amounts received after December 31, 2025. A covered taxpayer is broadly a corporation or other firm that fails a gross receipts test when $1 billion i…
- Household tariff refund payments: mixed, high. If enacted, eligible U.S. residents would get a refundable tax credit tied to court-ordered tariff repayments. The government would divide total refunded tariff money by the number of eligible people to get a per-person amount. That per-person amount would be multiplied by your household size (1, o…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-7973: Momnibus Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-51: Washington, D.C. Admission Act

## Sources
- [119-hr-7636 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7636)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7636 (as of 2026-09-05).