Federal Legislation
Senate Proposes Tariff Relief for Small Businesses
March 13, 2026
Senator Jacky Rosen and Senate Democrats introduced the Small Business Liberation 2.0 Act to exempt small businesses from tariffs imposed under Section 122 of the Trade Act of 1974. This legislative effort follows the Supreme Court's invalidation of prior tariffs under IEEPA and aims to refund small businesses for tariffs already paid while preventing large corporations from passing tariff costs onto consumers. The bill specifically targets economic relief for small businesses, including those in Nevada, by mitigating tariff-related financial burdens.
- Why this matters: Procurement professionals should be aware of potential changes in tariff policies that could affect supply chain costs and contract pricing, especially for small business vendors.
- The bill's passage could lead to refunds or reduced tariff expenses for small businesses, impacting contract cost structures and competitive bidding.
- Organizations working with or as small business contractors may find new opportunities or cost relief if the legislation advances.
- Agencies should monitor legislative progress to adjust procurement strategies and compliance requirements accordingly.
Trumpβs cost-raising tariffs have made it incredibly difficult for Nevadaβs small businesses to plan for the future.
— Senator Rosen
Agencies
United States Senate, Supreme Court