Referred to the House Committee on Ways and Means.
Foreign Trade and International Finance
Why This Matters
This bill ensures that businesses can get back money they paid in tariffs on imported goods. It simplifies the refund process so businesses do not have to apply for it.
If you run a business that imports goods, you could receive a refund for tariffs you paid since early 2025.
Who this affects
businesses · importers
What changes is this bill making?
1This bill requires the government to refund tariffs collected from importers since January 1, 2025.
2Importers do not need to apply for these refunds; the government will automatically process them.
3The refunds will be issued by the Commissioner of U.S. Customs and Border Protection.
4The bill aims to help businesses affected by tariffs imposed under the International Emergency Economic Powers Act.
5Refunds must be completed within 90 days of the bill becoming law.
