Bill > S2383

This bill, known as the "Creating Access to Necessary American-Canadian Duty Adjustments Act" or the "CANADA Act," proposes to exempt goods imported by or for small businesses from the duties imposed by a national emergency declared by the President on February 1, 2025. Specifically, the bill would provide relief from tariffs or additional charges established under Executive Orders 14193, 14197, and 14226 for small business concerns, which are defined in the Small Business Act as businesses that meet certain size standards based on factors like number of employees or annual revenue. The exemption aims to reduce the financial burden on small businesses importing goods during this national emergency, potentially helping these enterprises maintain competitiveness and manage economic challenges associated with the declared emergency.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/2383/all-info