- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Feb 23, 2026
What it does
The Payback Act directs the Secretary of the Treasury to develop and implement a refund program for American consumers who paid higher prices due to tariffs imposed by the President without congressional authorization. It requires the Treasury to create a formula within 120 days of enactment to calculate refunds based on consumer cost increases from such tariffs, using federal data and consulting key economic agencies. Refunds would be distributed automatically where possible through existing Treasury and IRS systems, with a streamlined application for others, and the Treasury must report to Congress within 180 days on the formula and distribution plan, with GAO oversight to follow. The…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.