- ConsumersPrevents additional import surcharges, limiting immediate price increases for consumers and downstream businesses.
- Targeted stakeholdersAvoids new compliance and administrative costs for importers and customs brokers.
- Targeted stakeholdersReasserts Congress's control over tariff policy and limits executive imposition of trade surcharges.
To nullify the Presidential Proclamation relating to Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems, and for other purposes.
Referred to the House Committee on Ways and Means.
This bill nullifies Presidential Proclamation 11012 (Feb 20, 2026) and any substantially similar proclamation imposing a temporary import surcharge.
It bars federal funds from implementing such a proclamation and directs the President to refund tariffs or duties collected between February 20, 2026 and enactment of this Act.
Narrow and clear but reverses executive trade action and mandates retroactive refunds—likely to face political opposition, procedural hurdles, and possible veto.
Relative to its intended legislative type, this bill succinctly and directly accomplishes a narrow substantive objective—nullifying a specific Presidential Proclamation and directing refund of duties collected under it—but it is lean on implementation details that would be necessary to operationalize that objective.
Left emphasizes consumer protection and congressional authority
Who stands to gain, and who may push back.
- Targeted stakeholdersRemoves an executive tool designed to address urgent international paymentsimbalances and cross-border financial strain…
- Targeted stakeholdersLimits the President's flexibility to impose temporary measures in fast-moving international economic crises.
- Federal agenciesRetroactive refunds would reduce federal tariff receipts and could worsen the fiscal balance.
Why the argument around this bill splits.
Left emphasizes consumer protection and congressional authority
Likely supportive.
The bill rescinds a presidential import surcharge, protects consumers from tariff-driven price increases, and reasserts Congressional control over trade measures.
It also requires refunds for duties already collected.
Cautiously favorable but concerned.
The bill corrects a unilateral surcharge but raises questions about removing executive flexibility.
Centrists will want clear procedures, cost estimates, and replacement tools through legislative process.
Likely opposed.
The bill removes an executive economic tool used to address international payments or currency issues and mandates refunds, which conservatives view as undermining leverage and encouraging foreign noncompliance.
The path through Congress.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Narrow and clear but reverses executive trade action and mandates retroactive refunds—likely to face political opposition, procedural hurdles, and possible veto.
- Estimated fiscal cost of required refunds is not provided
- Whether the President would sign or veto the bill
Recent votes on the bill.
No vote history yet
The bill has not accumulated any surfaced votes yet.
Go deeper than the headline read.
Left emphasizes consumer protection and congressional authority
Narrow and clear but reverses executive trade action and mandates retroactive refunds—likely to face political opposition, procedural hurdl…
Relative to its intended legislative type, this bill succinctly and directly accomplishes a narrow substantive objective—nullifying a specific Presidential Proclamation and directing refund of duties collected under it—…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.