Sponsors (27)
The bill would restore unlawfully collected import duties to importers and prioritize small-business claims—improving cash flow and transparency—but does so at a measurable fiscal and administrative cost to taxpayers and federal agencies, with no guarantee refunds will reach end consumers.
Importers—especially small businesses—and some families will get refunds (including interest for certain IEEPA-related duties), returning money previously paid and improving cash flow for affected businesses.
Small businesses will have streamlined, prioritized processing and SBA coordination to make claiming refunds easier and reduce administrative barriers when seeking reimbursement.
If refunds are passed through by importers or wholesalers, downstream businesses and consumers could see lower prices or receive reimbursements.
All taxpayers could bear increased federal costs from repaying duties with interest and any additional CBP administrative or systems expenses needed to process refunds.
There is no guarantee refunds will be passed on or even approved—larger businesses may retain refunds and some claimants could still face delays or denials, leaving small businesses and families uncompensated.
CBP will face additional workload to reliquidate entries and meet reporting requirements, which could divert resources from other customs operations and slow import processing.
Based on analysis of 3 sections of legislative text.
Requires CBP to refund, with interest, duties collected under IEEPA on covered imports, reliquidate entries, prioritize small businesses, issue drawback guidance, and report progress until refunds complete.
Introduced February 24, 2026 by Ronald Lee Wyden · Last progress February 24, 2026
Requires U.S. Customs and Border Protection (CBP) to refund, with interest, duties that were imposed under the International Emergency Economic Powers Act (IEEPA) and paid by importers on covered imported goods, and to reliquidate prior entry liquidations to effect those refunds. It also directs CBP to prioritize and do outreach to small businesses, issue guidance on drawback claims, and provide recurring progress reports to specified congressional committees until all refunds are completed within set deadlines. Also expresses a non-binding sense of Congress urging CBP to process refunds quickly without undue burdens and urging businesses that passed IEEPA duty costs to customers to pass refunds on to small businesses and families.