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119-s-3905119th CongressWALLET

Tariff Refund Act of 2026

Sponsored By: Senator Wyden, Ron [D-OR]

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.

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  • 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

Wyden, Ron [D-OR]

OR • D

Cosponsors

  • Sen. Markey, Edward J. [D-MA]

    MA • D

    Sponsored 2/24/2026

  • Sen. Shaheen, Jeanne [D-NH]

    NH • D

    Sponsored 2/24/2026

  • Sen. Luján, Ben Ray [D-NM]

    NM • D

    Sponsored 2/24/2026

  • Sen. Hirono, Mazie K. [D-HI]

    HI • D

    Sponsored 2/24/2026

  • Sen. Coons, Christopher A. [D-DE]

    DE • D

    Sponsored 2/24/2026

  • Sen. Hickenlooper, John W. [D-CO]

    CO • D

    Sponsored 2/24/2026

  • Sen. King, Angus S., Jr. [I-ME]

    ME • I

    Sponsored 2/24/2026

  • Sen. Alsobrooks, Angela D. [D-MD]

    MD • D

    Sponsored 2/24/2026

  • Sen. Kim, Andy [D-NJ]

    NJ • D

    Sponsored 2/24/2026

  • Sen. Cantwell, Maria [D-WA]

    WA • D

    Sponsored 2/24/2026

  • Sen. Rosen, Jacky [D-NV]

    NV • D

    Sponsored 2/24/2026

  • Sen. Durbin, Richard J. [D-IL]

    IL • D

    Sponsored 2/24/2026

  • Sen. Kaine, Tim [D-VA]

    VA • D

    Sponsored 2/24/2026

  • Sen. Padilla, Alex [D-CA]

    CA • D

    Sponsored 2/24/2026

  • Sen. Warner, Mark R. [D-VA]

    VA • D

    Sponsored 2/24/2026

  • Sen. Schiff, Adam B. [D-CA]

    CA • D

    Sponsored 2/24/2026

  • Sen. Blumenthal, Richard [D-CT]

    CT • D

    Sponsored 2/24/2026

  • Sen. Schumer, Charles E. [D-NY]

    NY • D

    Sponsored 2/24/2026

  • Sen. Murray, Patty [D-WA]

    WA • D

    Sponsored 2/24/2026

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 2/24/2026

  • Sen. Bennet, Michael F. [D-CO]

    CO • D

    Sponsored 2/24/2026

  • Sen. Peters, Gary C. [D-MI]

    MI • D

    Sponsored 2/24/2026

  • Sen. Blunt Rochester, Lisa [D-DE]

    DE • D

    Sponsored 2/24/2026

  • Sen. Merkley, Jeff [D-OR]

    OR • D

    Sponsored 2/24/2026

  • Sen. Warnock, Raphael G. [D-GA]

    GA • D

    Sponsored 2/24/2026

  • Sen. Duckworth, Tammy [D-IL]

    IL • D

    Sponsored 3/9/2026

Roll Call Votes

No roll call votes available for this bill.

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