H.R. 915 · 119th Congress

Small Business Technological Advancement Act

Introduced Feb 4, 2025Policy area: Commerce

Status: Passed House

  1. Introduced (done)
  2. Committee (done)
  3. Passed House (current)
  4. Passed Senate
  5. To President
  6. Law

Latest action

: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summary

Small Business Technological Act of 2025

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.

Actions

  1. Senate

    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

  2. House

    Motion to reconsider laid on the table Agreed to without objection.

  3. 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).

  4. House

    Considered as unfinished business. (consideration: CR H4227)

  5. House

    At 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 The point of no quorum was considered as withdrawn.

  6. House

    DEBATE - The House proceeded with forty minutes of debate on H.R. 915.

  7. House

    Considered under suspension of the rules. (consideration: CR H4142-4143; text: CR H4142)

  8. House

    Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.

  9. House

    Placed on the Union Calendar, Calendar No. 591.

  10. House

    Reported by the Committee on Small Business. H. Rept. 119-678.

  11. House

    Ordered to be Reported by the Yeas and Nays: 23 - 0.

  12. House

    Committee Consideration and Mark-up Session Held

Show 2 earlier actions
  1. House

    Referred to the House Committee on Small Business.

  2. Introduced in House

Roll-call votes