Sponsors (66)
The bill returns IEEPA-related tariff charges to importers quickly and with minimal paperwork, primarily benefiting small businesses, but shifts notable one-time costs and operational strain onto the federal government and narrows agency flexibility to manage sanctions-related collections.
Importers — especially small businesses — will receive refunds of tariffs and duties charged under IEEPA for goods entered or withdrawn on or after January 1, 2025, restoring paid amounts to private-sector payers.
Importers will not have to file protests or applications to obtain those refunds because CBP is required to calculate and disburse refunds using available data, reducing paperwork and compliance costs for businesses and financial intermediaries.
Refunds and any required reliquidations must be completed within a 90-day deadline after enactment, delivering faster relief and improved cash flow for affected importers.
The federal government (Treasury/CBP) will bear significant one-time refund costs, increasing federal outlays and potentially affecting budgets paid by taxpayers and state governments.
Requiring CBP to reconcile data and process refunds within 90 days could strain agency resources, increasing the risk of administrative delays, errors, or disrupted processing that could harm importers and financial institutions.
Mandating refunds 'notwithstanding' IEEPA and tariff protest rules reduces Treasury/CBP legal flexibility to retain or contest collections tied to sanctions, which could limit enforcement options for sanctions-related tariffs and affect national-security-related financial controls.
Based on analysis of 4 sections of legislative text.
Requires CBP to reliquidate IEEPA tariffs collected on/after Jan 1, 2025 and refund those amounts to importers within 90 days without requiring protests.
Official title: To require the Commissioner of U.S. Customs and Border Protection to refund tariffs collected under the International Emergency Economic Powers Act, and for other purposes.
Introduced February 26, 2026 by Steven Horsford · Last progress February 26, 2026
Directs U.S. Customs and Border Protection to refund all tariffs or duties collected under the International Emergency Economic Powers Act (IEEPA) on or after January 1, 2025. CBP must liquidate or reliquidate those entries and disburse refunds to the importer of record within 90 days of enactment, using agency data and without requiring protests or applications.