Small Business RELIEF Act
Summary
The Small Business RELIEF Act (HR6215) is an early-stage bill that would exempt small businesses from duties imposed by the April 2025 national emergency tariffs. At referral stage with no appropriated funds, it poses no near-term market impact.
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Key Takeaways
- 1.HR6215 is at referral stage with no committee action in over five months — stalled momentum.
- 2.The bill authorizes no direct spending; impact is limited to tariff exemption for small businesses.
- 3.Large retailers would face relative competitive headwinds, but only if the bill advances, which is currently uncertain.
Market Implications
No near-term market implications. This bill is procedural and early-stage. Large retailers ($AMZN, $WMT, $TGT, $BBY) are not directly affected today. If the bill gains momentum, watch for subcommittee hearings and Ways & Means Committee markups as triggers for potential competitive positioning shifts.
Full Analysis
HR6215 was introduced on November 20, 2025, by Rep. Kelly Morrison (D-MN) and referred to the House Committee on Ways and Means. It is in the earliest possible stage of the legislative process — introduction and referral to committee. The bill has 32 cosponsors and an identical companion bill (S2777) in the Senate, which has also been read twice and referred to the Senate Committee on Finance. Despite these signs of bipartisan interest, no committee hearings, markups, or votes have occurred. The bill authorizes no spending — it only exempts small businesses from tariff duties and provides for refunds of duties already paid. There is no appropriated funding, no new program, and no contract authority. Large retailers such as Amazon ($AMZN), Walmart ($WMT), Target ($TGT), and Best Buy ($BBY) would face relative competitive headwinds if the bill became law, because they would continue paying the tariffs while small business competitors would not. However, this is a speculative, distant scenario. The legislative path remaining is substantial: committee consideration, House floor vote, Senate passage, conference committee (if needed), and presidential action. Given that the bill was introduced over five months ago with no further action, its momentum appears stalled. No real market data is available; no stock price movements should be fabricated.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
Price Gouging Prevention Act of 2025
Guaranteeing Overtime for Truckers Act
OPTUM PUBLIC SECTOR SOLUTIONS, INC.: $895M Department of Veterans Affairs Contract
SCAM Act
Growing and Preserving Innovation in America Act of 2025
DELOITTE & TOUCHE LLP: $66.8M Department of Veterans Affairs Contract
American Innovation and R&D Competitiveness Act of 2025
To expand the sharing of information with respect to suspected violations of intellectual property rights in trade.
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
To Facilitate Positive Adjustment to Competition from Imports of Quartz Surface Products
This proclamation imposes a 4-year tariff-rate quota on imports of quartz surface products (QSP) to protect the domestic industry from serious injury caused by increased imports. It excludes Canada, Mexico, Australia, CAFTA-DR countries, Colombia, Israel, Jordan, Korea, Panama, Peru, Singapore, and CBERA beneficiaries, and provides a developing-country exemption. The action is a safeguard measure under section 202 of the Trade Act of 1974.
Presidential Determination Pursuant to Section 101 of the Defense Production Act of 1950, as Amended, on Recoverable Critical Minerals and Materials
This memorandum invokes the Defense Production Act (DPA) Section 101 to declare that recoverable critical minerals and materials (such as black mass, end-of-life rare-earth magnets, and scrap) are essential to national defense and that the U.S. cannot meet defense needs without disrupting civilian markets. It directs the Secretary of Commerce to issue regulations and take actions—including priority contracts and supply-chain interventions—to rapidly expand domestic recovery and processing of these materials, while explicitly excluding copper scrap already covered by a separate proclamation.
Actions by the United States in the Investigations under Section 301 of the Trade Act of 1974 of the Acts, Policies, and Practices of 60 Economies Related to the Failure of Each Economy to Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced with Forced Labor
This Presidential Memorandum directs the U.S. Trade Representative to impose Section 301 tariffs on imports from 60 economies due to their failure to prohibit or effectively enforce forced labor import bans. Tariffs are set at 10% ad valorem for certain economies with partial enforcement or commitments, and 12.5% for others, with exemptions for raw materials and products causing domestic supply issues, and plans for textile tariff-rate quotas by September 2026. The action aims to eliminate the identified unreasonable trade practices through these tariffs and incentives.
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