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To exempt small business concerns from duties imposed pursuant to the national emergency declared on April 2, 2025, by the President.
Summary
This bill exempts small business concerns from duties imposed pursuant to a national emergency declaration made on April 2, 2025. The exemption applies to goods imported by or for the use of small business concerns, as defined under the Small Business Act. The bill references Executive Order 14257, which imposed the duties under the emergency declaration authority.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
18 cosponsors
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD)
- Sen. Blumenthal, Richard [D-CT] (D-CT)
- Sen. Coons, Christopher A. [D-DE] (D-DE)
- Sen. Fetterman, John [D-PA] (D-PA)
- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY)
- Sen. Heinrich, Martin [D-NM] (D-NM)
- Sen. Hickenlooper, John W. [D-CO] (D-CO)
- Sen. Hirono, Mazie K. [D-HI] (D-HI)
- Sen. Kaine, Tim [D-VA] (D-VA)
- Sen. Klobuchar, Amy [D-MN] (D-MN)
- Sen. Luján, Ben Ray [D-NM] (D-NM)
- Sen. Rosen, Jacky [D-NV] (D-NV)
- Sen. Schumer, Charles E. [D-NY] (D-NY)
- Sen. Shaheen, Jeanne [D-NH] (D-NH)
- Sen. Van Hollen, Chris [D-MD] (D-MD)
- Sen. Warner, Mark R. [D-VA] (D-VA)
- Sen. Welch, Peter [D-VT] (D-VT)
- Sen. Wyden, Ron [D-OR] (D-OR)
Actions (4)
- May 21, 2025 Committee on Small Business and Entrepreneurship. Hearings held. · senate
- May 14, 2025 Committee on Small Business and Entrepreneurship. Hearings held. · senate
- May 5, 2025 Read twice and referred to the Committee on Finance. · senate
- May 5, 2025 Introduced in Senate
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Full text
IN THE SENATE OF THE UNITED STATES
May 5, 2025
Mr. Markey (for himself, Mr. Schumer, and Ms. Hirono) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To exempt small business concerns from duties imposed pursuant to the national emergency declared on April 2, 2025, by the President.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
The Act may be cited as the “Small Business Liberation Act”.
SEC. 2. EXEMPTION FOR SMALL BUSINESS CONCERNS FROM DUTIES IMPOSED PURSUANT TO NATIONAL EMERGENCY DECLARATION.
Duties imposed pursuant to Executive Order 14257 (90 Fed. Reg. 15041) shall not apply with respect to goods imported by or for the use of small business concerns, as defined in section 3 of the Small Business Act (15 U.S.C. 632). <all>
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