This bill, titled the "Tariff Relief for Consumers Act," mandates the Secretary of the Treasury to establish a program for refunding tariffs that were imposed under the International Emergency Economic Powers Act (IEEPA) and subsequently invalidated by the Supreme Court in the case of Learning Resources, Inc. v. Trump . Congress finds that these tariffs significantly raised consumer prices and that consumers bore the majority of the cost burden. The primary goal of this program is to ensure that the relief from these unlawful tariffs is passed on to consumers, rather than solely benefiting corporations. Under the proposed program, "covered importers"—defined as entities that paid at least $5 million in the specified tariffs and whose parent entity earned over $10 million in 2025—can apply for refunds. To qualify, importers must demonstrate their intent to lower prices for customers in proportion to the refund received, or provide rebates for prior purchases. The Secretary is directed to prioritize refunds for importers who credibly commit to reducing prices on essential consumer goods or establish mechanisms for consumer rebates. Furthermore, covered importers are prohibited from conducting stock buybacks or distributing dividends until they certify that they have completed the required steps to lower consumer prices. All eligible tariffs are to be refunded within 180 days of the Act's enactment, provided importers meet the program's requirements.