This bill would cancel a presidential proclamation issued on February 20, 2026, that imposed temporary import surcharges on imported goods to address international payment imbalances. The legislation prevents the federal government from spending any money to enforce this tariff action and blocks any similar future proclamations with comparable surcharge rates. The bill also requires the President to refund all tariffs and duties that were collected under this proclamation from February 20, 2026, until the date the bill becomes law. This legislation affects importers, businesses that rely on imports, and consumers who may have paid higher prices due to the surcharges. The bill was introduced by a bipartisan group of House members and referred to the Committee on Ways and Means.