H.R.7736

RELIEF Act mandates Customs and Border Protection to refund tariffs collected under the International Emergency Economic Powers Act.

The RELIEF Act, or Restoring Economic Lifelines for Independent Enterprises and Family Businesses Act, requires the Commissioner of U.S. Customs and Border Protection to refund tariffs collected under the International Emergency Economic Powers Act. This includes all amounts collected on or after January 1, 2025. The Commissioner must liquidate or reliquidate all relevant entries without requiring importers to file an application or protest. The act aims to ensure that importers receive refunds without additional administrative burdens.