Small Business Liberation Act

This bill would stop certain import taxes for small businesses. It says that any duties created because of a national emergency declared on April 2, 2025, would not apply to goods brought in by, or for, small businesses. “Small business” follows the standard definition in the Small Business Act. The goal is to lower costs on imported items these businesses need to operate or sell.

Key points:

• Who is affected: Small businesses, as defined by the Small Business Act.
• What changes: They would be exempt from duties tied to the April 2, 2025 national emergency (Executive Order 14257).
• What it means: Lower import costs on goods used by small businesses.