Current phase
Phase 1 is live — $20.6B certified to Treasury, ~$85B pipeline
CAPE filing has been open since April 20, 2026. As of May 26, 2026 (per CBP Lord Declaration, CIT): 15.8M entries accepted for IEEPA-duty removal, 8.3M+ entries already liquidated or reliquidated without IEEPA, $20.6 billion in refunds certified and sent to Treasury for disbursement, and ~$85 billion in total potential + certified refunds in the CAPE pipeline. Average refund turnaround is ~18 days (~14 days for electronics/consumer goods). Nearly one-third of CAPE declarations are failing initial file validation — clean your CSV and confirm ACH banking before you file.