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Import Duty Refunds and New Tariff Increase Rules

This act aims to refund additional import duties collected on certain European Union products in 2019 and 2022. It also requires a 60-day advance notice before tariff increases, giving businesses more time to prepare for changes. This helps importers and retailers recover overpaid funds and makes future tariff adjustments more predictable.
Key points
Refund of Overpaid Duties: Importers of EU products that entered the U.S. during specific periods in 2019 and 2022 can apply for refunds of additional duties.
Increased Tariff Predictability: The government must announce tariff increases 60 days in advance, allowing businesses time to adjust plans and avoid sudden costs.
Simplified Refund Process: U.S. Customs and Border Protection (CBP) will develop a public application process for requesting refunds.
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Additional Information
Print number: 118_HR_3739
Sponsor: Rep. Wenstrup, Brad R. [R-OH-2]
Process start date: 2023-05-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

FAIR TARIFF Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3739.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-25.

What are the main provisions?

Key points include:

  • Refund of Overpaid Duties: Importers of EU products that entered the U.S. during specific periods in 2019 and 2022 can apply for refunds of additional duties.
  • Increased Tariff Predictability: The government must announce tariff increases 60 days in advance, allowing businesses time to adjust plans and avoid sudden costs.
  • Simplified Refund Process: U.S. Customs and Border Protection (CBP) will develop a public application process for requesting refunds.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Wenstrup, Brad R. [R-OH-2].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Trade.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Taxes