Importers would receive automatic refunds for three specified tariff categories

U.S. Customs and Border Protection would automatically refund covered tariffs with interest. Refunds would cover the specified forced-labor investigation tariffs and tariffs under sections 122 and 338. The tariffs must have been imposed before enactment. Importers would not need to request refunds or submit documents. Customs would prioritize small businesses where practical and recalculate finalized import charges as needed. Customs would pay within 30 days after enactment. Eligible collections run through enactment, inclusive, starting July 23, 2026, for the specified investigation tariffs and August 1, 2026, for section 122 and section 338 tariffs.

Tariffs tied to the specified forced-labor investigations would have no legal effect. It would cover investigations into countries' alleged failures to impose and effectively enforce bans on imports made with forced labor, identified by the July 28, 2026, notice. The restriction would cover tariffs imposed before, on, or after enactment. The restriction would apply on and after the date of enactment.

The proposal would make the two named laws unavailable as authority for tariffs. These authorities concern international payment imbalances and discrimination by foreign countries. The provisions name section 122 of the Trade Act of 1974 and section 338 of the Tariff Act of 1930. The amendments to these laws would take effect August 1, 2026. Tariffs imposed under them before enactment would have no effect on or after enactment.