Small Business Liberation Act

Bill: 119-s-1593
Sponsor: full_name: Sen. Markey, Edward J. [D-MA]
Introduced: 2025-05-05
Policy area: Commerce
Subjects: Small business

Tariffs
Latest action: action_date: 2025-05-21
text: Committee on Small Business and Entrepreneurship. Hearings held.

Summaries:

tv_txt: II 119th CONGRESS 1st Session S. 1593 IN THE SENATE OF THE UNITED STATES May 5, 2025 Mr. Markey (for himself, Mr. Schumer , and Ms. Hirono ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To exempt small business concerns from duties imposed pursuant to the national emergency declared on April 2, 2025, by the President.

1. Short title The Act may be cited as the Small Business Liberation Act . 2. Exemption for small business concerns from duties imposed pursuant to national emergency declaration Duties imposed pursuant to Executive Order 14257 (90 Fed. Reg. 15041) shall not apply with respect to goods imported by or for the use of small business concerns, as defined in section 3 of the Small Business Act ( 15 U.S.C. 632 ).