Speedy Tariff Refund Act of 2026

The Speedy Tariff Refund Act of 2026 requires U.S. Customs and Border Protection to automatically issue interest-bearing refunds for duties collected under the International Emergency Economic Powers Act. This process applies to all importers of affected goods and does not require them to submit requests or additional paperwork to receive their money. The bill also mandates that Customs prioritize these refunds for small businesses and re-process any previously finalized transactions to ensure the correct refund amount is paid. Additionally, the legislation expresses a congressional preference that importers pass these refunds on to their customers, though this is a statement of intent rather than a mandatory requirement.