The main purpose of this legislation, known as the Small Business Liberation Act, is to provide relief to small businesses by exempting them from certain duties that are imposed due to a national emergency declared by the President on April 2, 2025. The objective is to support small businesses during challenging economic conditions by reducing their costs associated with importing goods. Key provisions of the legislation include a clear exemption for small business concerns from duties that would typically apply to imported goods under an executive order related to the national emergency.