Sponsors (64)
The bill returns IEEPA-era tariff collections to importers quickly and with minimal paperwork—giving immediate economic relief to businesses—while imposing sizable one-time costs and operational strain on the federal government and reducing enforcement flexibility.
Importers — including many small businesses — will receive refunds of tariffs/duties charged under the IEEPA on goods entered or withdrawn on/after Jan 1, 2025, providing direct financial relief.
Importers will not have to file protests or separate applications and will get faster relief because CBP must calculate/disburse refunds from available data and complete liquidations/reliquidations and refunds within 90 days of enactment, reducing administrative burdens and speeding payments.
U.S. taxpayers and the federal government will face a significant one-time increase in outlays to fund the mandated refunds, which could affect federal budgets and fiscal resources.
CBP and Treasury operations may be strained by the 90-day reconciliation and refund deadline, raising the risk of processing delays, errors, or operational disruption.
The bill's 'notwithstanding' refund directive limits Treasury and CBP legal flexibility to retain, contest, or apply collections under IEEPA or usual tariff protest rules, potentially weakening enforcement of sanctions-related measures.
Based on analysis of 4 sections of legislative text.
Mandates CBP to reliquidate entries with IEEPA-imposed duties collected on/after Jan 1, 2025 and refund importers within 90 days without requiring protests.
Introduced February 26, 2026 by Steven Horsford · Last progress February 26, 2026
Requires U.S. Customs and Border Protection to liquidate or reliquidate all import entries for which any amounts were collected on or after January 1, 2025 as a tariff or other duty imposed under the International Emergency Economic Powers Act (IEEPA), and to refund those amounts to the importer of record. CBP must complete these actions within 90 days of enactment using available data, without requiring importers to file protests or applications, and the bill treats withdrawals from warehouse for consumption as entries.