A Republican bill with 3 Democratic cosponsors · See all 4 cosponsors
Last activity — Committee on Small Business and Entrepreneurship. Hearings held.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The Small Business Technological Act of 2025 aims to authorize small business loans specifically for accessing modern business software. This bill would amend the Small Business Act to allow the Small Business Administration to provide loans for various technological needs. These needs include cloud computing services and tools that facilitate daily operations. The legislation also covers technologies that utilize artificial intelligence. This change is intended to help with functions like payroll, sales, and inventory tracking.
Yes· 3 of 4
- Scored +7
Does this make it easier to run a small business?
The bill expands the types of technologies small businesses can finance through SBA loans, including cloud computing and AI tools.
- Scored +7
Would business owners be better off under this?
Business owners gain access to new loan-eligible categories for modernizing their business infrastructure.
- Scored +3
Is this likely to create jobs?
By financing software that streamlines payroll and operations, the bill may help businesses expand and hire more staff.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Expanded Loan Access for Technology: The bill allows the Administration to provide loans to finance business software, cloud computing, or related technology (Section 2(a)). This helps businesses access tools that facilitate operations, product or service delivery, and various administrative functions.
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Streamlined Business Operations: Loans can be used for specific tasks such as processing payroll, managing human resources, or handling sales and billing (Section 2(a)). This can help businesses more efficiently manage their expenses, supplies, and inventory.
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Access to Modern Tools: The provision includes business tools that utilize artificial intelligence (Section 2(a)). This allows businesses to utilize newer, modern technologies to assist with their records and expenses.
Potential Negative Impacts for People
- Restriction on Research and Development: The bill explicitly states that the amendment does not authorize the use of these loans for research and development purposes (Section 2(b)(2)). This means businesses cannot use these specific loan provisions for R&D activities.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make it easier to run a small business? — The bill expands the types of technologies small businesses can finance through SBA loans, including cloud computing and AI tools. Is this likely to create jobs? — By financing software that streamlines payroll and operations, the bill may help businesses expand and hire more staff.
- Demographic And Interest Groups
- Would business owners be better off under this? — Business owners gain access to new loan-eligible categories for modernizing their business infrastructure. Would people in cities be better off under this? — Access to digital tools may marginally benefit urban businesses that rely heavily on cloud computing and digital sales.
- 5/21/2025
- Committee on Small Business and Entrepreneurship. Hearings held.
- 1/29/2025
- Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 4 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Ted BuddRepublican · North Carolina
John HickenlooperDemocrat · Colorado
Jacky RosenDemocrat · Nevada
Jeanne ShaheenDemocrat · New Hampshire