What does Preamble of CANADA Act do?

This bill aims to exempt goods imported for small business concerns from duties imposed due to a national emergency declared on February 1, 2025. The bill was introduced in the Senate and referred to the Committee on Finance.

What does SHORT TITLE. of CANADA Act do?

This bill is formally titled the Creating Access to Necessary American-Canadian Duty Adjustments Act

What does EXEMPTION FOR CERTAIN GOODS FROM NATIONAL EMERGENCY. of CANADA Act do?

This section provides an exemption from duties imposed by a national emergency. The national emergency was declared on February 1, 2025, by the President via Executive Order 14193, and amended by Executive Orders 14197 and 14226. The exemption applies to goods imported by or for small business concerns. Small business concerns are defined as per section 3 of the Small Business Act (15 U.S.C. 632).

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CANADA Act

Last updated: 7/22/2025 · Introduced: 7/22/2025

Author: Peter Welch (D-VT)

TL;DR (AI)

This bill exempts goods imported by small businesses from duties imposed due to a national emergency declared on February 1, 2025, and subsequent amendments.
The definition of 'small business concern' for this exemption aligns with the existing definition in the Small Business Act.
The bill formally establishes the 'Creating Access to Necessary American-Canadian Duty Adjustments Act'.

119th Congressin committeeHR. 4899(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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