What is the official ID of this bill?
The official print number for this legislation is HR 7822.
Tariff Relief for Consumers Act: Lowering Prices Through Customs Refunds
This bill requires the government to refund unlawful tariffs to companies only if they pass those savings directly to consumers through lower prices. It focuses on making essential goods like food and clothing more affordable for everyday citizens.
Key points
Companies will receive tariff refunds only if they demonstrate they are lowering prices for their customers.
Priority is given to price cuts for essential goods: baby formula, diapers, hygiene products, and basic clothing.
Large corporations are prohibited from stock buybacks or dividends until they implement consumer price reductions.
Refunds can be delivered as direct price cuts or rebates on future purchases.
The program targets large importers who paid at least $5 million in tariffs later ruled unlawful.
Status:
Introduced
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