To exempt small business concerns from duties imposed pursuant to the national emergency declared on April 2, 2025, by the President and to refund small business concerns the amount of any such duties paid.
Sponsors
Legislative Progress
IntroducedMs. Morrison (for herself, Mr. Pappas, Ms. Velázquez, Ms. McCollum, …
Summary
What This Bill Does
This bill exempts small businesses from tariff duties imposed under Executive Order 14257 (the April 2, 2025 national emergency declaration). It also requires the President to refund any such tariff duties that small businesses have already paid within 90 days of enactment.
Who Benefits and How
- Small business importers are exempted from tariff duties on imported goods, reducing their costs and improving competitiveness against larger competitors who must still pay.
- Small retailers and manufacturers that import materials or products receive cost relief and refunds for duties already paid.
- Small business customers may see lower prices as import cost savings are passed through.
Who Bears the Burden and How
- Federal government/Treasury loses tariff revenue from small business imports and must process refunds.
- Large businesses face competitive disadvantage as they remain subject to full tariff duties while small business competitors are exempt.
- Customs and Border Protection faces administrative burden of distinguishing small business imports and processing refunds.
Key Provisions
- Exempts goods imported by small business concerns from duties under Executive Order 14257
- Requires refund of duties already paid within 90 days of enactment
- Uses Small Business Act definition of "small business concern" (15 U.S.C. 632)
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Exempts small businesses from tariff duties imposed under the April 2025 national emergency declaration and requires refunds of any such duties already paid.
Policy Domains
Legislative Strategy
"Shield small businesses from trade policy impacts while maintaining tariffs on larger importers"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_president"
- → President of the United States
Key Definitions
Terms defined in this bill
Has the meaning given that term in section 3 of the Small Business Act (15 U.S.C. 632)
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology