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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
- Exempts small business concerns from tariff duties imposed pursuant to Executive Order 14257 and the national emergency declaration of April 2, 2025.
- Allows imported goods used by or for small businesses to avoid the tariffs applied to other importers.
- Defines eligible small businesses using the criteria established in the Small Business Act.
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)
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Sen. Markey, Edward J. (D-MA)
18 cosponsors
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Sen. Alsobrooks, Angela D. (D-MD) -
Sen. Blumenthal, Richard (D-CT) -
Sen. Coons, Christopher A. (D-DE) -
Sen. Fetterman, John (D-PA) -
Sen. Gillibrand, Kirsten E. (D-NY) -
Sen. Heinrich, Martin (D-NM) -
Sen. Hickenlooper, John W. (D-CO) -
Sen. Hirono, Mazie K. (D-HI) -
Sen. Kaine, Tim (D-VA) -
Sen. Klobuchar, Amy (D-MN) -
Sen. Luján, Ben Ray (D-NM) -
Sen. Rosen, Jacky (D-NV) -
Sen. Schumer, Charles E. (D-NY) -
Sen. Shaheen, Jeanne (D-NH) -
Sen. Van Hollen, Chris (D-MD) -
Sen. Warner, Mark R. (D-VA) -
Sen. Welch, Peter (D-VT) -
Sen. Wyden, Ron (D-OR)
Money behind the sponsor
Top reported contributors to Edward J. Markey’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- WILMERHALE $29,800
- STANFORD UNIVERSITY $13,200
- THE WONDERFUL COMPANY $13,200
- BAD ROBOT $13,200
- GOOGLE $12,850
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Edward J. Markey → · Outside spending →
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
More bills on these subjects (8)
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Similar bills (6)
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Text versions (1)
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Committee action
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Meetings where this bill was on the agenda
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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