Sponsors (27)
The bill lowers import duty burdens for small businesses and may reduce consumer prices, at the cost of lost federal tariff revenue and risks of market distortion and abuse that could require enforcement and hurt other importers.
Small business importers will pay lower EO-14257 duties, reducing their input costs and improving their competitiveness.
Consumers may see lower retail prices if small businesses pass through reduced import costs.
Taxpayers will bear reduced federal tariff revenue, increasing fiscal pressure and potentially reducing funds available for federal programs.
Small businesses and regulators face increased risk of abuse as firms could misclassify or restructure to qualify for the exemption, undermining the duty's policy goals and requiring enforcement effort.
Large importers could be competitively disadvantaged relative to exempt small businesses, potentially distorting market competition and harming some firms and consumers.
Based on analysis of 2 sections of legislative text.
Exempts entities that meet the Small Business Act definition from duties under Executive Order 14257 for goods they import or import for their use.
Introduced June 12, 2025 by Kelly Morrison · Last progress June 12, 2025
Exempts businesses that meet the Small Business Act size definition from duties imposed under Executive Order 14257 for goods they import or import for their use. Also establishes a short title for the measure. The change only removes EO-imposed duties for qualifying small businesses; it does not change the text of the Small Business Act or create new funding or programs.