Small Business Technological Act of 2025
Small Business Loans for Software and AI
The Small Business Technological Act of 2025 has been reported by the House Committee on Small Business and is now waiting on the Union Calendar. It is currently moving forward through the legislative process. There are no specific upcoming actions scheduled for the bill at this time.
Legislative Progress
This bill has support from both parties and has already cleared the committee process. It helps small businesses modernize without creating major new government spending.
Key Points
- This bill allows small business owners to use government-backed loans to pay for modern technology. This includes business software, cloud computing services, and tools that use artificial intelligence.
- Business owners could use the money to upgrade how they handle payroll, human resources, sales, billing, and tracking inventory. It aims to help smaller companies stay competitive by using the same digital tools as larger corporations.
- The bill specifically says these loans cannot be used for research and development. It focuses on helping businesses buy and use existing technology rather than inventing new products.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Placed on the Union Calendar, Calendar No. 591.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Reported by the Committee on Small Business. H. Rept. 119-678.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Ordered to be Reported by the Yeas and Nays: 23 - 0.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Small Business.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Small Business Technological Act of 2025
Data Sources
Sponsor
Cosponsors
(3)Analysis generated by AI. Always verify with official sources.