Tariff Relief for Consumers Act

This bill directs the Treasury Department to create a program that refunds tariffs imposed under the International Emergency Economic Powers Act to importers who prove they lowered consumer prices as a result. The legislation specifically targets companies that paid over $5 million in these tariffs while excluding small businesses with less than $10 million in revenue. Importers must demonstrate how they will pass refunds directly to consumers through price cuts on essential goods like infant formula, diapers, and basic food items, or provide rebates to customers. The bill also prevents companies from conducting stock buybacks or paying dividends unless they certify they have taken steps to reduce consumer prices. All refunds must be processed within 180 days of the bill's enactment, with priority given to importers showing immediate price reductions for essential consumer products.