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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.
Summary
This bill would exempt goods imported by or for the use of small business concerns from tariffs imposed under the national emergency declared on February 1, 2025 by the President. The exemption would apply to goods covered by Executive Order 14193 and its subsequent amendments (Executive Orders 14197 and 14226). Small business concerns would be defined according to 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)
- Sen. Welch, Peter [D-VT] (D-VT)
7 cosponsors
- Sen. Collins, Susan M. [R-ME] (R-ME)
- Sen. Kaine, Tim [D-VA] (D-VA)
- Sen. Markey, Edward J. [D-MA] (D-MA)
- Sen. Murkowski, Lisa [R-AK] (R-AK)
- Sen. Schumer, Charles E. [D-NY] (D-NY)
- Sen. Shaheen, Jeanne [D-NH] (D-NH)
- Sen. Wyden, Ron [D-OR] (D-OR)
Money behind the sponsor
Top reported contributors to Peter Welch’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $8,600
- THE OLD MOUNTAIN COMPANY, INC. $3,300
- WEST FRONT STRATEGIES $2,500
- UCAR $2,300
- MINILEC SERVICE $2,000
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Peter Welch → · Outside spending →
Actions (2)
- Jul 22, 2025 Read twice and referred to the Committee on Finance. · senate
- Jul 22, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
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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