S.2777

Exempts small businesses from duties imposed by a national emergency and mandates refunds for previously paid duties.

The Small Business RELIEF Act exempts small business concerns from duties imposed pursuant to the national emergency declared on April 2, 2025, by the President. It also requires the President to refund the amount of any such duties paid by small businesses within 90 days of the Act's enactment. The definition of "small business concern" is based on the Small Business Act. This legislation aims to provide economic relief to small businesses affected by the national emergency duties.