CANADA Act: Exempting Small Businesses from National Emergency Duties
This bill exempts goods imported by or for the use of small business concerns from duties imposed under the national emergency declared on February 1, 2025. The legislation references the definition of small business concerns found in the Small Business Act. The full title is the Creating Access to Necessary American-Canadian Duty Adjustments Act.
Key points
Small businesses will be exempt from duties imposed by the national emergency declared by the President on February 1, 2025.
The exemption applies to goods imported by or for the use of small business concerns.
The Act is titled the CANADA Act, referring to American-Canadian Duty Adjustments.
Introduced
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