Small Business Technological Advancement Act
Introduced Feb 4, 2025 by Rep. Mark Alford
The House passed it. The Senate has to pass it before it can reach the President.
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.
Summary by the Congressional Research Service.
- Jul 13, 2026Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Jun 24, 2026Motion to reconsider laid on the table Agreed to without objection.
- 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).
- 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).
- Jun 24, 2026Considered as unfinished business. (consideration: CR H4227)
- Jun 23, 2026At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Williams (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.
- Jun 23, 2026DEBATE - The House proceeded with forty minutes of debate on H.R. 915.
- Jun 23, 2026Considered under suspension of the rules. (consideration: CR H4142-4143; text: CR H4142)
- Jun 23, 2026Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
- Jun 3, 2026Placed on the Union Calendar, Calendar No. 591.
- Jun 3, 2026Reported by the Committee on Small Business. H. Rept. 119-678.
- May 20, 2026Ordered to be Reported by the Yeas and Nays: 23 - 0.
- May 20, 2026Committee Consideration and Mark-up Session Held
- Feb 4, 2025Referred to the House Committee on Small Business.
- Feb 4, 2025Introduced in House