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H.R. 915: Small Business Technological Advancement Act

119th Congress · introduced 2025-02-04 · Commerce · Latest: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

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What does this mean?

Official title

Small Business Technological Advancement Act

Plain 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.

Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Small Business Technological Advancement Act

Source: Congressional Research Service summary (Reported to House)

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Officials and money

Sponsor: Rep. Alford, Mark [R-MO-4] · 3 cosponsors

Money: CBO cost estimate: H.R. 915, Small Business Technological Act of 2025 (2026-06-16) No linked contracts or vendors yet.

Recorded votes

Words on this page, explained (2)
Artificial intelligence (AI)
Computer systems that do tasks that usually need human judgment, such as recognizing images, understanding language or making predictions. Laws about AI often cover how it is used, tested, disclosed or limited.
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-hr915 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills