Skip to content
CIVIC HERALD
HR 915 · 119th Congress · HouseIn committee

Small Business Technological Advancement Act

In plain language: Small business owners would be able to use federal Small Business Administration loans to purchase software, cloud computing services, and artificial intelligence tools. These funds can cover digital systems used for everyday tasks like payroll, human resources, sales, billing, and inventory tracking. The bill specifies that these loan funds cannot be used to finance research and development.

Provisional: our plain-language summary, pending review.

Provisionalunreviewed: impact, issue tags, provisions, stakeholders, summary
People affected—not determinable from the text provided
Fiscal magnitude—not determinable from the text provided
Reach22provisional · pending reviewrigor: heuristic llm
Your matchSign in →See how this matches your values.

Issues

What this bill touches.

Spending vs. restraint+12Role of government+10

The sign shows the bill's direction on each issue (+ toward, − away); the number is its magnitude. Color never encodes good or bad, and never party.

Who it affects

Who it helps · who it burdens.

Who it helps

  • small businesses seeking software and technology financingUnder Sec. 2(a), small businesses can obtain SBA 7(a) loans to finance business software, cloud computing services, and related technologies (including artificial intelligence tools) for operations, payroll, HR, billing, and inventory tracking.provisional
  • prior SBA 7(a) loan recipients and lendersUnder Sec. 2(b)(1), borrowers and lenders with existing 7(a) loans approved before the enactment of this Act for software or cloud computing are protected by a clarification that those loans were legally permissible.provisional

Dollar-level funding (FEC sector totals) is coming in a later phase.

What it does

The provisions, in plain language.

  1. Authorizes the Small Business Administration to provide 7(a) loans to help small businesses purchase business software, cloud computing services, and related technologies, including tools that use artificial intelligence, for operations, payroll, human resources, sales, and inventory tracking.

    Sec. 2(a)provisional

  2. Clarifies that Small Business Administration 7(a) loans approved before this law to purchase software and cloud technologies were and remain legally valid.

    Sec. 2(b)(1)provisional

  3. Clarifies that Small Business Administration 7(a) loans may not be used to fund research and development.

    Sec. 2(b)(2)provisional

How your members of Congress line up

Loading your members of Congress…

Timeline

How it moved.

  1. Jul 13, 2026Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  2. Jun 24, 2026Motion to reconsider laid on the table Agreed to without objection.
  3. Jun 24, 2026On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 4, 1 Present (Roll no. 226).
  4. Jun 24, 2026Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 4, 1 Present (Roll no. 226).
  5. Jun 3, 2026Reported by the Committee on Small Business. H. Rept. 119-678.
  6. Jun 3, 2026Reported by the Committee on Small Business. H. Rept. 119-678.
  7. May 20, 2026Ordered to be Reported by the Yeas and Nays: 23 - 0.
  8. Feb 4, 2025Introduced in House
  9. Feb 4, 2025Introduced in House

The original text

Read it for yourself.

Read the original text →

Sources & provenance

Congress.govrefreshed 9 days ago

Checking your session…