PRIA Logo™
119-s-2383119th CongressWALLET

CANADA Act

Sponsored By: Senator Welch, Peter [D-VT]

Introduced

Summary

Exempts small businesses from emergency import duties. The Creating Access to Necessary American-Canadian Duty Adjustments Act, or CANADA Act, would exempt goods imported by or for the use of small business concerns, as defined in section 3 of the Small Business Act, from duties imposed under the national emergency declared February 1, 2025 by Executive Order 14193, as amended by Executive Orders 14197 and 14226.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Emergency-duty relief for small businesses

If enacted, this bill would exempt goods imported by or for the use of qualifying small business concerns from the emergency duties tied to the national emergency declared on February 1, 2025. The exemption would apply only to duties imposed by Executive Order 14193 (90 Fed. Reg. 9113), as amended by Executive Orders 14197 (90 Fed. Reg. 9183) and 14226 (90 Fed. Reg. 11369). "Small business concern" would mean the definition in section 3 of the Small Business Act (15 U.S.C. 632). If passed, qualifying small businesses would likely pay less on covered imports. The bill text does not specify an effective date or a sunset for the exemption.

Sponsors & CoSponsors

Sponsor

Welch, Peter [D-VT]

VT • D

Cosponsors

  • Sen. Schumer, Charles E. [D-NY]

    NY • D

    Sponsored 7/22/2025

  • Sen. Kaine, Tim [D-VA]

    VA • D

    Sponsored 7/22/2025

  • Sen. Shaheen, Jeanne [D-NH]

    NH • D

    Sponsored 7/22/2025

  • Sen. Markey, Edward J. [D-MA]

    MA • D

    Sponsored 7/22/2025

  • Sen. Murkowski, Lisa [R-AK]

    AK • R

    Sponsored 7/22/2025

  • Sen. Collins, Susan M. [R-ME]

    ME • R

    Sponsored 7/22/2025

  • Sen. Wyden, Ron [D-OR]

    OR • D

    Sponsored 7/22/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation