Sponsors (11)
The bill returns surcharge money to importers and lowers consumer prices while preventing executive-funded temporary import surcharges in the future, but it reduces presidential flexibility for rapid tariff actions and creates revenue, administrative, and legal risks for the government and some traders.
Importers and U.S. businesses (including small-business owners) will receive refunds of surcharges collected between Feb 20, 2026 and enactment, returning cash to affected firms.
Middle-class families and consumers will face lower immediate prices for affected imported goods because the surcharge is eliminated.
Taxpayers and state governments will be protected from future executive-funded temporary import surcharges because the bill prohibits use of federal funds to implement similar surcharges without Congressional approval.
The President and federal policymakers will have reduced ability to quickly use tariffs as a national-security or foreign-policy tool because the bill blocks the proclamation and bars similar actions funded by federal money.
Taxpayers and federal agencies will face reduced Customs revenue and added administrative costs as Treasury and CBP process refund claims and repayments.
Importers, exporters, and small-business owners will face legal uncertainty and potential litigation costs because immediate nullification could prompt challenges from supporters of the proclamation or trading partners.
Based on analysis of 1 section of legislative text.
Nullifies the temporary import surcharge proclamation, bars similar future surcharges, and requires refunds of duties collected from Feb 20, 2026 through enactment.
Introduced April 9, 2026 by James Varni Panetta · Last progress April 9, 2026
Nullifies Presidential Proclamation 11012 (Feb 20, 2026) and any successor or substantially similar action that imposes a temporary import surcharge, declares those proclamations/actions to have no force or effect, and bars use of Federal funds to implement them. Requires the President to provide refunds of tariffs or duties collected under that proclamation (or similar actions) for the period from February 20, 2026 through the date this law is enacted.