Small Business Liberation Act
Issue: Pleasure Products, Tariffs
Latest Action: Announced on May 5, 2025
Exempts small businesses from tariffs imposed pursuant to the national emergency declared on April 2, 2025, by the President.
Under section 3 of the Small Business Act (15 U.S.C. 632), a “small business” is:
- Independently owned and operated,
- Not dominant in its field of operation,
- And qualifies under SBA size standards.
Businesses can use the SBA Size Standards Tool to determine if they qualify under the standard.
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Bill Status
- Introduced
- Passed First Committee
- Passed First Chamber
- Passed Both Committees
- Passed Both Chambers
- Enacted
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