Tariff Refund Act of 2026
Sponsored By: Senator Wyden, Ron [D-OR]
Introduced
Summary
Refund unlawfully collected IEEPA duties. This bill would require U.S. Customs and Border Protection to refund duties that the Supreme Court determined were unlawfully collected and to pay interest to affected importers. It also sets timelines, prioritizes small businesses, and requires regular progress reports to Congress.
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- Importers: Would receive refunds with interest not later than 180 days after enactment for covered articles. Entries liquidated before enactment must be reliquidated at the duty rate that would have applied without IEEPA duties.
- Small businesses and customers: The bill would direct CBP to prioritize refunds to small business concerns and to coordinate with the Small Business Administration to share required documentation, actions to take, and expected timelines. A Sense of Congress urges that refund amounts be passed on to customers by importers and larger businesses that raised prices.
- Implementation and oversight: CBP would have to report to specified Senate and House committees within 30 days of enactment and every 30 days thereafter until all refunds are paid. Reports must show the number and amount of refunds each period, break out small businesses versus others, and estimate time to finish.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Tariff refunds for importers and small businesses
If enacted, this bill would require U.S. Customs and Border Protection (CBP) to refund, with interest, duties the President imposed under the International Emergency Economic Powers Act to each importer of a covered article. Refunds would be paid not later than 180 days after enactment and would apply notwithstanding section 514 of the Tariff Act or other law. For entries liquidated before enactment, CBP would reliquidate the entry at the duty rate that would have applied without the IEEPA duties to allow payment of refunds. CBP would issue guidance within 60 days on how to handle drawback claims for refunded duties. CBP would coordinate with the Small Business Administration, try to prioritize refunds to small business concerns, and share required documentation and timelines with them. CBP would report to specified Congressional committees starting 30 days after enactment and then every 30 days until all refunds are paid, showing counts, amounts, a small-business vs other-business breakdown, and an estimate to finish.
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
John Hickenlooper
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
Charles Schumer
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
Gary Peters
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
Raphael Warnock
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.
View on Congress.gov