The Small Business Liberation Act exempts small businesses from certain import duties that were imposed under a national emergency declaration made on April 2, 2025. The bill applies to goods imported by or for small business concerns, using the existing definition of "small business" from the Small Business Act. This legislation is intended to relieve smaller companies from tariffs or similar trade duties that larger businesses would still be required to pay, allowing small businesses to import goods without the additional costs imposed on the broader economy during the national emergency. The bill was introduced in the Senate in May 2025 and referred to the Committee on Finance.
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