The purpose of this legislation is to require the U.S. Customs and Border Protection (CBP) to refund tariffs that were collected under the International Emergency Economic Powers Act starting from January 1, 2025. This is aimed at providing financial relief to businesses that were impacted by these tariffs. The key provisions of the legislation include a mandate for the CBP to process refunds for all tariffs collected after the specified date. The CBP must complete this process within 90 days of the law being enacted.