To require the Commissioner of U.S. Customs and Border Protection to refund tariffs collected under the International Emergency Economic Powers Act, and for other purposes.
To require the Commissioner of U.S. Customs and Border Protection to refund tariffs collected under the International Emergency Economic Powers Act, and for other purposes.
Plain Language Summary
# Bill Summary: HR 7615 **What the Bill Would Do** This bill would require U.S. Customs and Border Protection to refund tariffs (taxes on imported goods) that were collected under the International Emergency Economic Powers Act. In simpler terms, it aims to return money to importers and businesses that paid certain tariffs the government believes were collected improperly or under circumstances that no longer apply. **Who It Affects and Key Details** The bill would primarily affect businesses and importers who paid tariffs on goods brought into the United States.
The International Emergency Economic Powers Act allows the President to impose tariffs during national emergencies, and this bill suggests that tariffs collected under this authority should be refunded. The bill was introduced by Democratic Representative Steven Horsford from Nevada but does not currently provide additional details about which specific tariffs or time periods would qualify for refunds. **Current Status** As of now, HR 7615 remains in committee, meaning it has not advanced to a full vote in the House. The bill has not yet been passed and would need approval from both the House and Senate, plus the President's signature, to become law.
Latest Action
Referred to the House Committee on Ways and Means.