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Duties

Taxes or fees charged by a government on goods that are imported into a country.

National Emergency

A formal declaration by the President of the United States, allowing the executive branch to use special powers to address a perceived crisis or threat.

Executive Order

A directive issued by the President of the United States that manages operations of the federal government and has the force of law, but does not require Congressional approval.

Small Business Concerns

Businesses that meet specific size standards (e.g., number of employees or annual revenue) set by the Small Business Administration, qualifying them for certain government programs and benefits.

Ways and Means Committee

A powerful committee in the U.S. House of Representatives responsible for legislation concerning taxation, tariffs, and other revenue-generating measures.

15 U.S.C. 632

A specific section of the United States Code (federal law) that defines what constitutes a 'small business concern' under the Small Business Act.