Tariff Relief for Consumers Act

Tariff refunds for large importers

If enacted, Treasury would run a program to refund tariffs that the Supreme Court invalidated on Feb 20, 2026. Only "covered importers" that paid $5,000,000 or more in those tariffs by Feb 19, 2026 could apply, but firms whose ultimate parent had under $10,000,000 in 2025 revenue would be excluded. Treasury would issue implementing rules within 30 days and aim to pay refunds within 180 days after enactment unless an importer cannot meet program requirements. Applicants must explain steps to lower customer prices in full proportion to the refund and must show either targeted price cuts for essential consumer goods, rebates to prior customers for non-essential goods, or that the importer absorbed the tariff instead of raising prices. Treasury would prioritize importers that credibly show price reductions for essential goods and require importers to certify completion of price-lowering steps before doing stock buybacks or paying dividends. The bill defines essential consumer goods to include infant formula and toddler foods; diapers and essential infant clothing and safety products; hygiene and health care products; SNAP-eligible foods as identified by Agriculture; basic clothing and shoes; and children's toys and sporting goods with an MSRP under $50.