Sponsors (27)
The bill aims to return unlawfully collected import duties and increase transparency—helping importers (especially small businesses) and potentially consumers—but does not guarantee pass-through to end users and will raise administrative burdens and federal costs.
Importers—especially small businesses—and potentially families will get refunds (including interest for certain emergency duties) of unlawfully collected import duties, returning money and improving cash flow for affected payers.
CBP reporting and simplified procedures create a more predictable, transparent refund process (30‑day reporting cadence and reduced paperwork), helping recipients track progress and recover funds faster.
Encouraging downstream businesses to pass refunds to customers could lower prices or reimburse families and small businesses that bore increased costs.
The bill is framed as a nonbinding 'sense of Congress' in parts, so CBP or private parties may not be compelled to act and promised refunds might be delayed or never issued.
Refunds may go to importers rather than the end consumers or downstream businesses that actually bore the cost, meaning families and small businesses might not see reimbursements.
Paying widespread duty refunds increases federal outlays and could raise budgetary costs for taxpayers if offsets are not provided.
Based on analysis of 3 sections of legislative text.
Requires CBP to reliquidate entries and refund with interest all duties collected under IEEPA on covered imports, prioritize small businesses, provide drawback guidance, and report monthly to Congress.
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, all import duties that were imposed under the International Emergency Economic Powers Act (IEEPA) and paid on covered imported articles, and to reliquidate prior entries to effect those refunds. CBP must issue refunds within 180 days of enactment, prioritize small businesses where practicable, coordinate outreach with the Small Business Administration (SBA), provide guidance on drawback claims, and send regular progress reports to congressional committees until refunds are complete.