In CommitteeFiled Mar 10, 2026
Sponsor: Sen. Markey, Edward J. [D-MA] (D)
Latest Action
Read twice and referred to the Committee on Finance.
Mar 10, 2026
Summary
The Small Business Liberation 2.0 Act removes import duties imposed under the Trade Act of 1974 for small businesses and requires the President to refund any duties they already paid. It also forbids anyone else from selling those goods at unreasonably high prices for five years after a duty takes effect or is announced. The goal is to protect small firms and consumers from sudden cost spikes tied to trade tariffs.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Track this bill
Get real-time alerts when S 4038 changes status, plus AI-powered summaries and stage predictions.
Sign up free