To nullify the Presidential Proclamation relating to Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems, and for other purposes.

Key Points

• This bill would completely cancel a February 2026 presidential order that imposed extra import taxes (surcharges) on goods coming into the U.S. from other countries. It also blocks any future similar orders from taking effect.
• The bill bans the federal government from spending any money to enforce or carry out the import surcharge, effectively cutting off all resources needed to keep the policy running.
• Businesses that already paid these extra import taxes since February 2026 would get their money back. The bill requires the government to issue refunds for all tariffs collected under the surcharge order.
• The bill has bipartisan support, introduced by Rep. Panetta with cosponsors from both parties, and has been referred to the House Ways and Means Committee. However, it faces a steep path to becoming law given the current political environment around tariffs.