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S 2383
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CANADA Act

To exempt goods imported by or for the use of small business concerns from the duties imposed by the national emergency declared on February 1, 2025 by the President.

Introduced Jul 22, 2025

Latest action (Jul 22, 2025) Read twice and referred to the Committee on Finance.

Referred to
Finance Committee
Policy area
Foreign Trade and International Finance
Issues
Foreign Policy

Summary
  • Exempts goods imported by or for small business concerns from tariffs and duties imposed by the national emergency declared on February 1, 2025
  • Applies the exemption to amendments to the national emergency made through subsequent executive orders
  • Uses the Small Business Act definition of "small business concerns" to determine eligibility for the exemption

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)
7 cosponsors

Actions (2)
  1. Jul 22, 2025 Read twice and referred to the Committee on Finance. · senate
  2. Jul 22, 2025 Introduced in Senate

Full text

IN THE SENATE OF THE UNITED STATES

July 22, 2025

Mr. Welch (for himself, Mr. Schumer, Mr. Kaine, Mrs. Shaheen, Mr. Markey, Ms. Murkowski, Ms. Collins, and Mr. Wyden) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To exempt goods imported by or for the use of small business concerns from the duties imposed by the national emergency declared on February 1, 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 “Creating Access to Necessary American-Canadian Duty Adjustments Act” or the “CANADA Act”.

SEC. 2. EXEMPTION FOR CERTAIN GOODS FROM NATIONAL EMERGENCY.

Duties imposed by the national emergency declared on February 1, 2025 by the President in Executive Order 14193 (90 Fed. Reg. 9113), as amended by Executive Order 14197 (90 Fed. Reg. 9183) and Executive Order 14226 (90 Fed. Reg. 11369), 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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