CANADA Act
The CANADA Act would modify how duties from a national emergency are applied to imports. Specifically, it would exempt goods imported by or for the use of small business concerns (as defined by the Small Business Act) from the duties imposed by the national emergency declared on February 1, 2025. The exemption references existing Executive Orders that established and amended the emergency duties. In short, if enacted, small businesses would not have to pay those emergency-related import duties on eligible goods. The bill is narrow in scope and would not alter the underlying authority of the President to declare emergencies or impose duties; it simply removes the duty requirement for a defined class of importers—small businesses—on goods imported for their use.
Key Points
- 1Short title: The act may be cited as the Creating Access to Necessary American-Canadian Duty Adjustments Act (CANADA Act).
- 2Exemption from national-emergency duties: The duties imposed by the February 1, 2025 national emergency would not apply to certain imports.
- 3Eligibility definition: The exemption applies to goods imported by or for the use of small business concerns, as defined in section 3 of the Small Business Act (15 U.S.C. 632).
- 4References to existing orders: The exemption pertains to duties declared in Executive Order 14193 and amended by Executive Orders 14197 and 14226.
- 5Legislative status: Introduced in the Senate on July 22, 2025, and referred to the Committee on Finance. The text provided is the full bill as introduced, with no further provisions beyond the exemption.