H.R.7822

The Tariff Relief for Consumers Act mandates tariff refunds for consumers, prioritizing essential goods and prohibiting stock buybacks and dividends.

The Tariff Relief for Consumers Act aims to ensure that consumers, not corporations, benefit from tariff refunds. It requires the Secretary of the Treasury to establish a program for refunding tariffs paid by importers, prioritizing those who demonstrate price reductions for essential consumer goods. The act defines "covered importers" as entities that paid over $5 million in tariffs, excluding those with parent entities earning less than $10 million in 2025. It also prohibits stock buybacks and dividends until importers certify price reductions.