Bill > S1593

This bill, known as the Small Business Liberation Act, provides an exemption for small businesses from certain duties (taxes or fees) that were imposed by a national emergency declaration made by the President on April 2, 2025. Specifically, the bill seeks to exclude goods imported by or for small businesses from duties associated with Executive Order 14257, which was published in the Federal Register. The bill references the Small Business Act's definition of "small business concerns," which typically defines small businesses based on factors like number of employees and annual revenue, though the specific criteria are not detailed in this bill text. By creating this exemption, the legislation aims to reduce the financial burden on small businesses during a national emergency, potentially helping them maintain economic viability and continue operations when faced with additional government-imposed costs.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/1593/all-info