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

House Bill

H.R. 7636

119th Congress

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

In Committee

Introduced:Feb 20, 2026

Primary Sponsor

Mike Thompson

D - CA

Cosponsors

0

Quick Stats

Summary

This bill would create a new tax credit designed to return money to individual Americans to offset the cost of tariffs on imported goods. When tariffs increase prices on everyday products like electronics, clothing, and groceries, eligible taxpayers would receive a refund credit on their tax returns to help compensate for these higher costs.

Latest Action

Referred to the House Committee on Ways and Means.

Introduced2/20/2026

StatusReferred to the House Committee on Ways and Means.

ChamberHouse

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

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

This bill would create a new tax credit designed to return money to individual Americans to offset the cost of tariffs on imported goods. When tariffs increase prices on everyday products like electronics, clothing, and groceries, eligible taxpayers would rece

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would create a new tax credit designed to return money to individual Americans to offset the cost of tariffs on imported goods. When tariffs increase prices on everyday products like electronics, clothing, and groceries, eligible taxpayers would receive a refund credit on their tax returns to help compensate for these higher costs.

Bill Number: 7636
Introduced: 2/20/2026
Status: Referred to the House Committee on Ways and Means.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit.
Bill Number: 7636
Sponsor: No sponsor
Status: Referred to the House Committee on Ways and Means.
Introduced: 2/20/2026
Summary: This bill would create a new tax credit designed to return money to individual Americans to offset the cost of tariffs on imported goods. When tariffs increase prices on everyday products like electronics, clothing, and groceries, eligible taxpayers would receive a refund credit on their tax returns

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would create a new tax credit designed to return money to individual Americans to offset the cost of tariffs on imported goods. When tariffs increase prices on everyday products like electronics, clothing, and groceries, eligible taxpayers would receive a refund credit on their tax returns to help compensate for these higher costs.

Last updated: 2/23/2026

Key Points

Main provisions of the bill

Creates a new 'individual tariff refund credit' that Americans can claim on their federal tax returns
Aims to offset the increased costs consumers pay when tariffs raise prices on imported goods
Would modify the tax code to provide direct financial relief to individuals affected by tariff policies
Currently has no cosponsors and remains in the early committee review stage

How This Impacts Americans

Potential effects on citizens and communities

This bill would potentially benefit all American taxpayers who face higher prices due to tariffs on imported goods. If passed, households could see direct financial relief through their tax returns, helping to cushion the impact of increased costs on everyday purchases. The actual dollar amount of relief would depend on how the credit is structured in the full bill text and individual circumstances.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

7636, 119th Congress (2026). "To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit.". Source: Voter's Right Platform. https://votersright.org/bills/119-hr-7636

Public Opinions

Community submissions related to this bill.

Share your opinion

No public opinions yet. Be the first to submit one for this bill.