Small Business Liberation 2.0 Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, Small Business Liberation 2.0 Act, changes federal law or congressional policy affecting importers, exporters, and commercial firms. The main policy domain is Trade, Immigration, Foreign Policy.
Who Benefits and How
importers, exporters, and commercial firms may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, importers, exporters, and commercial firms may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section id4ccca909bd574c9d953bfc9161038488: 1. Short title The Act may be cited as the Small Business Liberation 2.0 Act.
- Section HFC54DF69585A45A590A12F31D31691AB: 2. Definitions In this Act: The term Commission means the Federal Trade Commission. The term component means a good that is offered for sale to consumers...
- Section idedaae3c1dbf54301974a71a2cc72d265: 3. Exemption and refunds for small business concerns from duties under balance-of-payments authority A covered duty shall not apply with respect to goods...
- Section ida66d22b73f6d40378a6a484311b06edd: 4. Prevention of price gouging with respect to goods subject to duties under balance-of-payments authority No person may sell or offer for sale in the United...
- Section HB7E161212A074DF4825E6615A386C4C8: 5. Reports Not later than 1 year after the date of the enactment of this Act, and annually thereafter, the United States International Trade Commission and the...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, Small Business Liberation 2.0 Act, changes federal law or congressional policy affecting importers, exporters, and commercial firms.
Key Policy Areas
Trade, Immigration, Foreign Policy
Primary Purpose
This bill, Small Business Liberation 2.0 Act, changes federal law or congressional policy affecting importers, exporters, and commercial firms.
Policy Domains
Whole bill
Identified Gains
- importers, exporters, and commercial firms
Identified Costs
- federal implementing agencies
- importers, exporters, and commercial firms
Sponsors
Legislative Progress
In CommitteeRead twice and referred to the Committee on Finance.
Introduced in Senate
Mr. Markey (for himself, Ms. Hirono, Mr. Schumer, Mrs. Gillibrand, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_commerce"
- → Secretary of Commerce
Key Definitions
Terms defined in this bill
any date if, during the 30-day period preceding that date— covered duties with respect to goods classifiable under 5 or more subheadings of the Harmonized Tariff Schedule of the United States took effect
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