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Exempts goods imported by or for small business concerns from duties imposed by Executive Order 14257 and requires that any such duties already paid be refunded. The refund must be paid by the President within 90 days after the Act is enacted. “Small business concern” is defined by reference to the Small Business Act. The change provides immediate, retroactive relief for qualifying small-business importers and directs the executive branch to return previously collected duties within a fixed 90-day window.
Read twice and referred to the Committee on Finance.
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.
The President must refund the amount of any duties paid pursuant to Executive Order 14257 on goods imported by or for the use of a small business concern.
Defines the term “small business concern” to have the meaning given in section 3 of the Small Business Act (15 U.S.C. 632).
Introduced September 11, 2025 by Edward John Markey · Last progress September 11, 2025
Small businesses that import goods (or have goods imported for their use) will benefit directly: they will not owe duties under the specified Executive Order for qualifying imports and will receive refunds for duties already paid. Eligibility depends on SBA size standards, so businesses must meet industry-specific thresholds and potentially provide documentation to claim refunds.
Federal agencies that collect import duties will need to identify eligible refunds, verify small-business status under SBA rules, and disburse refunds within the 90-day statutory window. That creates a near-term administrative burden and possible need for additional staffing or reprioritization of customs and Treasury operations. The Treasury/Customs receipts will be reduced by the amount of refunded duties, creating a fiscal cost; the exact amount depends on how many qualifying imports and paid duties exist. There is a risk of improper claims if verification is weak, so agencies may adopt verification procedures tied to SBA records. Overall, the bill provides targeted financial relief to small importers while imposing modest administrative and fiscal effects on federal collections and disbursement processes.
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Read twice and referred to the Committee on Finance.
Introduced in Senate