Small Business RELIEF Act

Bill: 119-s-2777
Sponsor: full_name: Sen. Markey, Edward J. [D-MA]
Introduced: 2025-09-11
Policy area: Commerce
Latest action: action_date: 2025-09-11
text: Read twice and referred to the Committee on Finance.

Summaries:

tv_txt: II 119th CONGRESS 1st Session S. 2777 IN THE SENATE OF THE UNITED STATES September 11, 2025 Mr. Markey (for himself, Mr. Blumenthal , Ms. Hirono , Ms. Alsobrooks , Mr. Warner , Mr. Hickenlooper , Mr. Kelly , Mr. Schumer , Mrs. Gillibrand , Mr. Heinrich , and Mrs. Shaheen ) 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 and to refund small business concerns the amount of any such duties paid.

1. Short title The Act may be cited as the Small Business Restoring Equity for Local Importers through Economic Fairness Act or the Small Business RELIEF Act . 2. Exemption and refunds for small business concerns from duties imposed pursuant to national emergency declaration (a) Exemption 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 a small business concern. (b) Refunds Not later than 90 days after the date of the enactment of this Act, the President shall refund the amount of any duties paid pursuant to Executive Order 14257 (90 Fed. Reg. 15041) on goods imported by or for the use of a small business concern. (c) Small business concern defined In this section, the term small business concern has the meaning given that term in section 3 of the Small Business Act ( 15 U.S.C. 632 ).