Bill > HR3986

This bill, known as the Small Business Liberation Act, aims to provide an exemption for small businesses from certain duties (taxes or fees) that were imposed as part of a national emergency declared by the President on April 2, 2025. Specifically, the bill would exempt goods imported by or for small businesses from the duties outlined in Executive Order 14257, using the definition of "small business concerns" as defined in section 3 of the Small Business Act. This means that small businesses would not have to pay these additional import duties, which were likely implemented as part of a broader national emergency response. The bill is relatively straightforward, focusing on providing economic relief to small businesses by removing a specific financial burden related to importing goods during a national emergency.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3986/all-info