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H.R. 6215: Small Business Restoring Equity for Local Importers through Economic Fairness Act

This bill, known as the Small Business Restoring Equity for Local Importers through Economic Fairness Act, aims to provide certain relief measures for small businesses in the United States. Here are the key points of the bill:

Exemption from Duties

The bill proposes that duties imposed on goods imported by small businesses, as a result of a national emergency declared on April 2, 2025, will not apply. This means that if small businesses import products, they will be exempt from paying these specific duties.

Refunds for Duties Paid

If small businesses have already paid these duties on their imports since the emergency declaration, the bill mandates that the President must refund these amounts. The refunds are required to be processed within 90 days following the enactment of the bill.

Definition of Small Business Concern

The bill refers to the definition of "small business concern" as outlined in the Small Business Act. This definition typically includes businesses that meet specific criteria regarding their revenues and number of employees, which categorize them as small compared to larger corporations.

Purpose of the Bill

The intent behind this legislation is to support small business concerns by alleviating the financial burden associated with these duties, which may have been implemented due to the national emergency. The lawmakers aim to ensure that small businesses can compete more fairly and maintain their operations during challenging economic conditions.

Implementation Timeline

The bill specifies that refunds for previously paid duties should be issued promptly, aiming to support small businesses in a timely manner as they navigate the impacts of the emergency and the duties imposed.