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Small Business Technological Act of 2025

Committee hearing: it can still change before the session ends.

US S 305 · Senate Bill · 119th Congress

Stage
Committee hearing
Started in
Senate
Sponsors
5
Latest action
May 21, 2025

What it does

The Small Business Technological Act of 2025 would amend the Small Business Act to allow the Small Business Administration to provide loans under its 7(a) program to finance modern business software, cloud computing services, and related technologies—including AI-powered tools—that support operations such as payroll, accounting, inventory, sales, and human resources. The bill clarifies that these loans are permissible for such purposes but does not authorize their use for research and development or alter the definition of working capital. It affects small businesses seeking SBA loans to adopt or upgrade digital tools essential for business functions.

No official summary is available here. This one was written by AI from the bill’s text.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    Jan 29, 2025

  2. Committee (Current step)

    Committee hearing · May 21, 2025

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Small Business Technological Act of 2025 | 52