A bill to amend the Internal Revenue Code of 1986 to provide rebates to individuals using tariff proceeds.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4093 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4093 To amend the Internal Revenue Code of 1986 to provide rebates to individuals using tariff proceeds. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 12, 2026 Mr. Heinrich (for himself, Mr. Gallego, Mr. Van Hollen, Mr. Coons, Mr. Booker, Mr. Kim, Mrs. Gillibrand, Ms. Duckworth, and Mr. Reed) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide rebates to individuals using tariff proceeds. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE, ETC. (a) Short Title.--This Act may be cited as the ``Tariff Refunds for Working Families Act''. (b) Statement of Policy.--It is the policy of the United States to use revenue raised from unlawful tariffs applied on foreign imports, including unlawful tariffs imposed under the International Emergency Economic Powers Act, to provide relief for working people through immediate tax rebates. (c) Sense of Congress.--It is the sense of Congress that refunds allowed by reason of the amendments made by this Act are derived from revenues raised from unlawful tariffs applied to foreign imports, including tariffs imposed under the International Emergency Economic Powers Act. SEC. 2. WORKING FAMILIES REFUND. (a) In General.--Subchapter B of chapter 65 of subtitle F of the Internal Revenue Code of 1986 is amended by inserting after section 6428B the following new section: ``SEC. 6428C. WORKING FAMILIES REFUND. ``(a) In General.--In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by subtitle A for the first taxable year beginning