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119-s-4364119th CongressWALLET

Speedy Tariff Refund Act of 2026

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

Introduced

Summary

This bill would require automatic refunds for duties imposed under the International Emergency Economic Powers Act (IEEPA). It would direct U.S. Customs and Border Protection to pay those refunds with interest and set rules so refunds reach people and small businesses quickly.

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  • Small businesses: The bill would direct Customs to prioritize refunds to small business concerns and to process refunds within 30 days where practicable.
  • Importers: Entries already liquidated would be reliquidated at the duty rate that applies without IEEPA duties so importers receive refunds. Importers would not have to submit a refund request or provide documentation to get paid.
  • Customers and families: The bill expresses that wholesalers and larger businesses that raised prices should pass refunds through to customers, including small businesses and families who paid higher prices.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Automatic tariff refunds for importers

This bill would require U.S. Customs and Border Protection to automatically refund, with interest, duties imposed under the International Emergency Economic Powers Act on covered articles. Customs would have to pay refunds no later than 30 days after enactment. Importers would not need to request refunds or provide paperwork to get the money. Customs would, to the extent practicable, prioritize refunds to small business concerns. For entries liquidated before enactment, Customs would reliquidate them as if the IEEPA duties never applied.

Sponsors & CoSponsors

Sponsor

Wyden, Ron [D-OR]

OR • D

Cosponsors

  • Sen. Markey, Edward J. [D-MA]

    MA • D

    Sponsored 4/21/2026

  • Sen. Shaheen, Jeanne [D-NH]

    NH • D

    Sponsored 4/21/2026

  • Sen. Reed, Jack [D-RI]

    RI • D

    Sponsored 5/14/2026

  • Sen. Gillibrand, Kirsten E. [D-NY]

    NY • D

    Sponsored 5/14/2026

Roll Call Votes

No roll call votes available for this bill.

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