A bill to exempt small business concerns from duties imposed by the President under section 122 of the Trade Act of 1974 and to prevent price gouging with respect to goods subject to such duties.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4038 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4038 To exempt small business concerns from duties imposed by the President under section 122 of the Trade Act of 1974 and to prevent price gouging with respect to goods subject to such duties. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 10, 2026 Mr. Markey (for himself, Ms. Hirono, Mr. Schumer, Mrs. Gillibrand, Mr. Hickenlooper, Ms. Klobuchar, Mr. Van Hollen, and Ms. Rosen) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To exempt small business concerns from duties imposed by the President under section 122 of the Trade Act of 1974 and to prevent price gouging with respect to goods subject to such duties. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. The Act may be cited as the ``Small Business Liberation 2.0 Act''. SEC. 2. DEFINITIONS. In this Act: (1) Commission.--The term ``Commission'' means the Federal Trade Commission. (2) Component.--The term ``component'' means a good that is offered for sale to consumers through incorporation into a final good. (3) Covered duty.--The term ``covered duty'' means a duty imposed under the authority provided by section 122 of the Trade Act of 1974 (19 U.S.C. 2132). (4) Covered good.--The term ``covered good'' means the following: (A) A final good or a component that is subject to a covered duty imposed on or after January 20, 2026. (B) A good that is assembled, in whole or in part, in the United States and that includes a component described in subparagraph (A). (C) A final good or a component with respect to which there is a planned duty. (D) A good that is assembled, in whole or in part, in the U