HR7636Referred to Committee

To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-02-20
Introduced
0
Cosponsors
HR
ⓘ
Type

Sponsor

Mike Thompson
Mike Thompson
Democrat · CA · Representative
Votes with party: 97.3% (551 recorded votes)

Full profile: /officials/T000460

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2026-02-20

Source: Congress.gov

Plain-English Summary

This bill would create a tax credit that refunds money to individual taxpayers for tariffs (taxes on imported goods) they pay when buying products. The credit would help offset the increased costs that consumers face when tariffs raise prices on imported items like clothing, electronics, and other goods. Workers and families who buy imported products would get some of that tariff cost back through their taxes.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
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