Small Business RELIEF Act

S 2777, the Small Business RELIEF Act, exempts small businesses from import duties imposed under Executive Order 14257 (related to national emergencies) for goods they import. It requires the President to refund all duties paid under that order within 90 days of the bill's enactment. The bill directly affects small business concerns as defined by the Small Business Act (15 U.S.C. 632), which typically covers businesses with fewer than 500 employees. This policy change removes a financial burden on qualifying small importers and provides retroactive refunds for past payments.