Small Business Technological Advancement Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 915 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 915

To authorize small business loans to finance access to modern business
                   software, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 2025

Mr. Alford (for himself and Ms. Lee of Nevada) introduced the following
      bill; which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL

To authorize small business loans to finance access to modern business
                   software, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Technological Act of
2025''.

SEC. 2. ADDITIONAL USES FOR SMALL BUSINESS ADMINISTRATION BUSINESS
              LOANS.

    (a) In General.--Section 7(a) of the Small Business Act (15 U.S.C.
636(a)) is amended by adding at the end the following:
            ``(38) Access to modern business software.--The
        Administration may provide loans under this subsection to
        finance, in whole or in part, business software or cloud
        computing services, or any such technology, that facilitates
        business operations, product or service delivery, the
        processing, payment, or tracking of payroll expenses, human
        resources, sales and billing functions, or accounting or
        tracking of supplies, inventory, records and expenses,
        including business tools that utilize artificial
        intelligence.''.
    (b) Rule of Construction.--Nothing in the amendment made by
subsection (a) shall be construed to--
            (1) provide that loans made under section 7(a) of the Small
        Business Act (15 U.S.C. 636(a)) before the date of enactment of
        this Act for the purposes described in paragraph (38) of such
        section 7(a), as added by subsection (a), were not permissible;
            (2) authorize the use of loans made under section 7(a) of
        the Small Business Act (15 U.S.C. 636(a)) for research and
        development purposes; or
            (3) limit the definition of working capital under the Small
        Business Act (15 U.S.C. 631 et seq.).
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