To nullify the Presidential Proclamation relating to Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems, and for other purposes.

Lower import costs for businesses and shoppers

This bill would declare Presidential Proclamation 11012 (February 20, 2026) and any substantially similar proclamation to have no force or effect. It would bar Federal funds from being used to carry out any such import surcharge. The bill would also direct the President to provide refunds of tariffs or other duties that were imposed and collected between February 20, 2026 and the date of enactment when those charges were collected by reason of that proclamation or a substantially similar action. The text does not set refund formulas or dollar amounts and leaves implementation details to the President and executive agencies.