Payback Act
To direct the Secretary of the United States Department of the Treasury to refund American consumers for increased costs resulting from tariffs imposed without congressional authorization, and for other purposes.
HB7646, also known as the Payback Act, proposes to have the U.S. Department of the Treasury refund American consumers for any extra costs they incurred due to tariffs that were imposed without congressional approval. This bill aims to ensure that consumers are not unfairly burdened by the financial impacts of such tariffs.
The bill would affect American consumers who have faced increased prices due to unauthorized tariffs. By requiring refunds, it seeks to mitigate the financial strain these tariffs have placed on consumers, thereby offering some relief and support to those affected.
As of February 23, 2026, HB7646 has been introduced in the House and referred to the House Committee on Ways and Means for further review and discussion. This marks the initial step in the legislative process, where the bill will be reviewed to determine its potential impact and next steps.
