Bill Detail
H.R. 915
Congress: 119
Title
Small Business Technological Advancement Act
Summary
Small Business Technological Act of 2025 This bill authorizes the Small Business Administration (SBA) to finance under the 7(a) loan program business software or cloud computing services that facilitate business operations, product or service delivery, payroll processing, human resources functions, sales and billing functions, or accounting or tracking of inventory. Such software or services include business tools that utilize artificial intelligence. The 7(a) loan program is the SBA's primary business loan program that provides loan guaranties for participating lenders to provide financing to small businesses that are otherwise unable obtain reasonable credit terms.
Sponsor
Rep. Mark Alford [R-MO-4]
Status
Motion to reconsider laid on the table Agreed to without objection.
Status as of Jun 19, 9:35 AM · synced 10d ago
Introduced
2025-02-04
Data source mode: congress-gov
Bill Engagement
Small Business Technological Act of 2025 This bill authorizes the Small Business Administration (SBA) to finance under the 7(a) loan program business software or cloud computing…