S. 4364Senate119th Congress (2025-2027)In Committee

A bill to provide for the refund of duties imposed under the International Emergency Economic Powers Act.

Sponsored by Ron WydenSen. Ron Wyden (D-OR)
Introduced April 21, 2026

AI-Generated Summary

Updated April 29, 2026 at 9:50 AM UTC

The Speedy Tariff Refund Act of 2026 requires U.S. Customs and Border Protection to quickly return any duties that were collected under the International Emergency Economic Powers Act (IEEPA) after a court ruled those duties unlawful. The refunds, with interest, must be issued automatically to importers—especially small businesses—without them having to file a request. The law also directs that any prior customs entries be re‑calculated to reflect the removal of the unlawful duty.

Key Provisions

  • Within 30 days of the law’s enactment, CBP must automatically refund all IEEPA duties paid on covered articles, including interest.
  • For entries that were already liquidated before the law took effect, CBP must re‑liquidate them at the duty rate that would have applied without the IEEPA duty and issue the refund.
  • Refunds should be prioritized for small business concerns whenever practicable.
  • Importers are not required to submit a refund request or provide documentation to receive the refund.
  • The law defines “covered article” as any item on which the President imposed an IEEPA duty, and “small business concern” follows the Small Business Act definition.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

April 21, 2026

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SenateIntro Referral

Introduced in Senate

April 21, 2026

SenateIntro Referral

Read twice and referred to the Committee on Finance.

April 21, 2026

Floor Debate

5 members

What members said about S. 4364 on the floor

2 Republicans3 Democrats
Jeff Merkley
Sen. Jeff MerkleyD-OR · Apr 21, 2026

Mr. President, I rise today because our Republican colleagues have introduced a new budget resolution to yet again utilize a special process called reconciliation. We just voted a short while ago on…

Ron Wyden
Sen. Ron WydenD-OR · Apr 21, 2026

Mr. President, I rise today to request unanimous consent to pass the Speedy Tariff Refund Act. The bill forces the Trump administration to immediately return the money it has stolen from American…

Jeanne Shaheen
Sen. Jeanne ShaheenD-NH · Apr 21, 2026

Mr. President, I defer to Senator Graham. Mr. President, more than 2 months ago, the Supreme Court ruled that the tariffs that President Trump had imposed under the International Emergency Economic…

Mike Crapo
Sen. Mike CrapoR-ID · Apr 21, 2026

Mr. President, reserving the right to object, I rise to speak in opposition to the Speedy Tariff Refund Act of 2026. I share my colleagues' support for ensuring that any administrative processes are…

Lindsey Graham
Sen. Lindsey GrahamR-SC · Apr 21, 2026

Mr. President, I have a unanimous consent request. I ask unanimous consent that for the duration of the S. Con. Res. 33, the budget resolution for fiscal year 2026, the majority and the Democratic…

Bill Text

Latest available legislative text

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Introduced in SenateIssued April 21, 2026

II

119th CONGRESS

2d Session

S. 4364

IN THE SENATE OF THE UNITED STATES

April 21, 2026

Mr. Wyden (for himself, Mr. Markey, and Mrs. Shaheen) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To provide for the refund of duties imposed under the International Emergency Economic Powers Act.

1.

Short title

This Act may be cited as the Speedy Tariff Refund Act of 2026.

2.

Sense of Congress

It is the sense of Congress that—

(1)

in light of the holding by the Supreme Court that duties imposed under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) are unlawful, the Commissioner of U.S. Customs and Border Protection must pay refunds of those unlawfully collected duties;

(2)

the Commissioner must process those refunds as swiftly as possible and without imposing additional requirements that disproportionately hinder individuals and small businesses from obtaining refunds;

(3)

the Consolidated Administration and Processing of Entries (CAPE) system for refunds is seriously flawed and places unjustified burdens on importers, particularly small businesses; and

(4)

importers, wholesalers, and larger businesses, especially those that raised prices or passed on direct costs from those unlawful duties while they were in place, should pass on the refunds to their customers, including small businesses and families impacted by those duties.

3.

Refund of duties imposed under International Emergency Economic Powers Act

(a)

In general

Notwithstanding section 514 of the Tariff Act of 1930 (19 U.S.C. 1514) or any other provision of law, the Commissioner of U.S. Customs and Border Protection shall, not later than 30 days after the date of the enactment of this Act, automatically refund, with interest, to each importer of a covered article all duties imposed under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) and paid with respect to the article.

(b)

Reliquidation authority

In the case of an entry of a covered article that was liquidated before the date of the enactment of this Act, the Commissioner shall reliquidate the entry at the rate of duty applicable to the article in the absence of any duty imposed under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) in order to pay a refund required under subsection (a).

(c)

Prioritization of small businesses

The Commissioner shall, to the extent practicable, prioritize the payment of refunds under subsection (a) to small business concerns.

(d)

No request or documentation required

In carrying out this section, the Commissioner may not require an importer to make an explicit request for a refund under subsection (a) or to submit documentation in order to receive such a refund.

(e)

Definitions

In this section:

(1)

Covered article

The term covered article means an article with respect to which the President imposed duties under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).

(2)

Enter; entry

The terms enter and entry include a withdrawal from warehouse for consumption.

(3)

Small business concern

The term small business concern has the meaning given that term in section 3 of the Small Business Act (15 U.S.C. 632).