We have received text from S. 2383: Creating Access to Necessary American-Canadian Duty Adjustments Act. This bill was received on 2025-07-22, and currently has 7 cosponsors.
Here is a short summary of the bill:
This bill, titled the Creating Access to Necessary American-Canadian Duty Adjustments Act, aims to provide an exemption for certain goods imported specifically for small businesses from duties imposed during a national emergency. The national emergency was declared by the President on February 1, 2025, and is referenced in several executive orders. The key points of the bill are outlined below:
Purpose of the Bill
The main goal of the bill is to alleviate financial burdens on small businesses by exempting them from certain import duties that have been enacted as a result of the declared national emergency. This exemption is intended to help these businesses access necessary goods without the additional costs of duties.
Definition of Small Business Concerns
The bill defines "small business concerns" in accordance with the Small Business Act. These are generally businesses that meet specific criteria set forth by the Act, often based on the number of employees or annual revenue, allowing various types of enterprises to qualify for the exemption.
Duties and National Emergency Context
The duties in question are those that have been implemented following a national emergency declaration, specifically under Executive Orders 14193, 14197, and 14226. By exempting small businesses from these duties, the legislation aims to support their operations during challenging economic times.
Implementation
If passed, this legislation would mean that small businesses could import goods without the financial burden of additional duties that other businesses would still need to pay under the national emergency measures. This could potentially encourage more small businesses to engage in international trade and improve their access to necessary supplies.
Overall Impact
The anticipated outcome of this bill is to support small businesses by making it more affordable for them to import goods. This could lead to increased competitiveness for small enterprises in the market, allowing them to better serve their customers and maintain operations during the emergency period.
Relevant Companies
None found
Senator Peter Welch Bill Proposals
Here are some bills which have recently been proposed by Senator Peter Welch:
- S.2672: A bill to codify Executive Order 14115 imposing certain sanctions on persons undermining peace, security, and stability in the West Bank.
- S.2455: A bill to create an administrative subpoena process to assist copyright owners in determining which of their copyrighted works have been used in the training of artificial intelligence models.
- S.2447: A bill to repeal changes to Medicaid cost sharing requirements and the exclusion for orphan drugs under the Medicare Drug Price Negotiation Program.
- S.2442: A bill to require the Secretary of Agriculture to provide support for organic dairy producers and processors, and for other purposes.
- S.2383: CANADA Act
- S.2372: 340B PATIENTS Act of 2025
You can track bills proposed by Senator Peter Welch on Quiver Quantitative's politician page for Welch.
Senator Peter Welch Net Worth
Quiver Quantitative estimates that Senator Peter Welch is worth $9.8M, as of August 5th, 2025. This is the 93rd highest net worth in Congress, per our live estimates.
Welch has approximately $6.2M invested in publicly traded assets which Quiver is able to track live.
You can track Senator Peter Welch's net worth on Quiver Quantitative's politician page for Welch.
Senator Peter Welch Stock Trading
We have data on up to $2.3M of trades from Senator Peter Welch, which we parsed from STOCK Act filings. Some of the largest trades include:
- A May 23rd, 2018 sale of up to $100K of $SIRI. The stock has fallen 68.8% since then.
- A May 23rd, 2018 sale of up to $50K of $SAN. The stock has risen 49.29% since then.
- A November 18th, 2021 sale of up to $50K of $CHD. The stock has risen 0.31% since then.
- A November 26th, 2021 sale of up to $50K of $UNP. The stock has fallen 7.39% since then.
- A November 18th, 2021 sale of up to $50K of $CSCO. The stock has risen 27.71% since then.
You can track Senator Peter Welch's stock trading on Quiver Quantitative's politician page for Welch.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
