S. 2383 Introduced Foreign Trade and International Finance

CANADA Act

A bill to exempt goods imported by or for the use of small business concerns from the duties imposed by the national emergency declared on February 1, 2025 by the President.

  1. Introduced
  2. Committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor Sen. Welch, Peter [D-VT] Introduced July 22, 2025 Cosponsors 7 (2 R, 5 D) Latest action July 22, 2025

Summary

Creating Access to Necessary American-Canadian Duty Adjustments Act or the CANADA Act
This bill exempts goods imported by or for the use of small business concerns from duties (i.e., tariffs) imposed under Executive Order 14193. This executive order, issued by President Donald J. Trump on February 1, 2025, imposed a 25% tariff on most imports from Canada (except for Canadian energy or energy resources, which have a 10% tariff).

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jul 22, 2025 Read twice and referred to the Committee on Finance.
  2. Jul 22, 2025 Introduced in Senate

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