What does Preamble of Tariff Relief for Consumers Act do?

This bill directs the Secretary of the Treasury to create regulations for tariff refunds. Refunds would be provided to entities that demonstrably lower consumer prices. The refunds relate to tariffs assessed using authorities from the International Emergency Economic Powers Act.

What does SHORT TITLE. of Tariff Relief for Consumers Act do?

This bill is formally titled Tariff Relief for Consumers Act

What does FINDINGS. of Tariff Relief for Consumers Act do?

Congress finds that President Trump's tariffs raised prices for consumers and imposed costs on businesses. Consumers have shouldered up to 96 percent of the burden of the IEEPA tariffs. The Administration must ensure consumers receive relief from tariff costs. Priority should be given to ensuring final consumers obtain relief from tariffs. Federal agencies should draft rules for tariff refunds to be returned directly to consumers.

What does TARIFF REFUND PROGRAM. of Tariff Relief for Consumers Act do?

This section establishes a Tariff Refund Program administered by the Secretary of the Treasury. Covered importers, defined as those paying $5,000,000 or more in specified tariffs as of February 19, 2026, and whose ultimate parent entity earned less than $10,000,000 in revenue in 2025, may apply for refunds. Applications require importers to detail steps to lower customer prices proportionally to the refund received. The Secretary prioritizes refunds to importers demonstrating price reductions for essential consumer goods or providing rebates to prior customers. Importers are prohibited from stock buybacks or dividends until they certify they have lowered consumer prices. The Secretary must ensure refunds are issued within 180 days of the Act's enactment, unless importers fail to meet program requirements. Essential consumer goods include infant formula, diapers, hygiene products, foodstuffs eligible for SNAP benefits, basic clothing, and children's toys under $50.

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Tariff Relief for Consumers Act

Last updated: 3/5/2026 · Introduced: 3/5/2026

Author: Rosa DeLauro (D-CT)

TL;DR (AI)

This bill establishes a Tariff Refund Program allowing importers who paid significant tariffs and meet revenue thresholds to apply for refunds if they demonstrably lower consumer prices.
The program prioritizes refunds for importers who reduce prices on essential consumer goods like infant formula, diapers, and foodstuffs, or provide rebates to prior customers.
Importers receiving refunds are prohibited from using the funds for stock buybacks or dividends until they certify they have lowered consumer prices.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 2 more.

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