Exempts small businesses from duties and prevents price gouging on goods subject to duties.
The Small Business Liberation 2.0 Act exempts small businesses from duties imposed by the President under the Trade Act of 1974 and prevents price gouging on goods subject to such duties. It requires the President to refund any covered duties paid by small businesses within 90 days of enactment. The Act mandates reports from the International Trade Commission and the Bureau of Labor Statistics on the prices of goods sold by non-small businesses, focusing on changes in prices of covered goods.
The filed bill text is too short for analysis.