Speedy Tariff Refund Act of 2026
Sponsored By: Senator Wyden, Ron [D-OR]
Introduced
Summary
Automatic refunds for IEEPA duties: This bill would require U.S. Customs and Border Protection to automatically refund, with interest, duties that the President imposed under the International Emergency Economic Powers Act. It would also require reliquidation of prior entries and bar CBP from demanding explicit refund requests or paperwork, while giving priority processing to small businesses.
Show full summary
- Families and customers — The bill includes a congressional sense that refunds passed through by importers or larger businesses should be returned to customers, including small businesses and families.
- Small business concerns and importers — Small businesses would get prioritized refund processing and would not need to submit a formal refund claim or documentation to receive their refunds.
- CBP operations and legal effect — CBP would be required to start automatic refunds within 30 days of enactment and to reliquidate entries at the duty rate that would have applied without IEEPA duties. The bill would override contrary provisions of law, including section 514 of the Tariff Act of 1930, and it defines key terms like “covered article,” “entry,” and “small business concern.”
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Automatic tariff refunds for importers
If enacted, importers who paid duties imposed under the International Emergency Economic Powers Act (IEEPA) would automatically receive refunds with interest. Customs must pay those refunds not later than 30 days after enactment. For entries already liquidated, Customs would re-liquidate them at the rate that would have applied without the IEEPA duty and pay the difference. Customs could not require an importer to ask for the refund or to submit paperwork to get it. Customs would be directed to, to the extent practicable, pay small business concerns first, and the refunds must be paid even if other laws normally bar them.
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.
View on Congress.gov