Proposed
Bill · 119th Congress · S 3905
Tariff Refund Act of 2026
Refreshed 5 h ago
Introduced 2026-02-24Topic: taxes · economy jobsSummary
AI-generated summary, report an errorThis bill would require U.S. Customs and Border Protection to refund, with interest, all tariffs (import duties) that importers paid under the International Emergency Economic Powers Act, within 180 days after the bill becomes law. For imports whose duties were already finalized, the agency would recalculate them without those tariffs so refunds can be paid. The agency would prioritize refunds to small businesses where practicable and work with the Small Business Administration to inform them about the process. The agency would report to Congress every 30 days on refund progress and issue guidance on related drawback claims within 60 days. The bill also states Congress's view that businesses that raised prices because of the tariffs should pass refunds on to their customers.
Sponsors
- Ron Wyden Democrat sponsor
- 26 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-02-24 | Senate | Read twice and referred to the Committee on Finance. | refer |
| 2026-02-24 | Introduced in Senate | introduce |