Bill stops the President from setting tariffs and refunds billions.
S. 5397 — BAD DEAL Act · Filed by Kirsten Gillibrand (D-NY) · 3 cosponsors · Introduced Sep 15, 2026 · Referred to committee
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What it does
The bill repeals Section 338 of the Tariff Act of 1930. This law lets the President put tariffs on foreign goods. The bill would cancel all tariffs set under this rule. It would pay back all the money the government collected from those tariffs. It removes a tool the President can use to respond to unfair trade.
Who it affects
Companies that import goods would get refunds of tariffs they paid. Families might pay less for imported goods. The government would lose billions of dollars in tariff money.
One thing to notice
The bill has a drafting error in one section. It says 'sections 338 and and inserting section' without naming which section.
From the analysis of the bill text, linked under Primary records below.
Where it stands
3 cosponsors: 3 Democrats.
- Sep 15, 2026 — Introduced · Congress.gov: “Introduced in Senate”
- Sep 15, 2026 — Referred to Senate Committee on Finance · Congress.gov: “Read twice and referred to the Committee on Finance”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- tariffs — Taxes the government puts on goods brought in from other countries.
- Section 338 of the Tariff Act of 1930 — A law that lets the President set tariffs to respond to unfair trade.
- repeals — Cancels or removes a law that was already in place.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (974 characters) on Sep 24, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,819 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-25.
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