Small Business Liberation Act
Sponsored By: Senator Edward Markey
Introduced
Summary
Would exempt small businesses from duties imposed under the President's April 2, 2025 national emergency. The bill would remove emergency tariffs for goods imported by or for the use of firms that meet the Small Business Act's definition of a small business.
Show full summary
- Small businesses: Eligible firms would be exempt from duties on imports tied to Executive Order 14257, reducing import costs for qualifying small business purchases.
- Customs and importers: Customs would not apply those emergency duties to qualifying small business shipments, changing how duties are collected for those goods.
- Timing and scope: The exemption is anchored to the April 2, 2025 emergency declaration and could apply retroactively or prospectively to goods covered by that declaration.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Duty exemption for small businesses
If enacted, small businesses that qualify would not have to pay duties under Executive Order 14257 (90 Fed. Reg. 15041). This applies only to goods they import or that are imported for their use. The exemption is limited to entities that meet the Small Business Act definition. The bill ties the change to the April 2, 2025 national emergency and does not set an effective date, sunset, or enforcement rules.
Sponsors & CoSponsors
Sponsor
Edward Markey
MA • D
Cosponsors
Charles Schumer
NY • D
Sponsored 5/5/2025
Mazie Hirono
HI • D
Sponsored 5/5/2025
Amy Klobuchar
MN • D
Sponsored 5/6/2025
Jeanne Shaheen
NH • D
Sponsored 5/6/2025
Jacky Rosen
NV • D
Sponsored 5/6/2025
Kirsten Gillibrand
NY • D
Sponsored 5/8/2025
Peter Welch
VT • D
Sponsored 5/8/2025
John Hickenlooper
CO • D
Sponsored 5/8/2025
Richard Blumenthal
CT • D
Sponsored 5/15/2025
Christopher Coons
DE • D
Sponsored 5/15/2025
Mark Warner
VA • D
Sponsored 5/19/2025
Martin Heinrich
NM • D
Sponsored 5/20/2025
Angela Alsobrooks
MD • D
Sponsored 5/20/2025
Chris Van Hollen
MD • D
Sponsored 5/22/2025
John Fetterman
PA • D
Sponsored 6/5/2025
Ron Wyden
OR • D
Sponsored 7/9/2025
Timothy Kaine
VA • D
Sponsored 7/16/2025
Sen. Luján, Ben Ray [D-NM]
NM • D
Sponsored 9/10/2025
Roll Call Votes
No roll call votes available for this bill.
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