Small Business Technological Advancement Act
- Bill Number
- H.R. 915
- Origin Chamber
- House
- Congress
- 119th Congress, Session 2
- Policy Area
- Commerce
- Status
- Passed House
- Latest Action
- 2026-06-24: Motion to reconsider laid on the table Agreed to without objection.
- Last Updated
- 2026-07-07T20:30:52Z
AI-Generated Summary
Purpose This legislation authorizes the Small Business Administration (SBA) to issue loans under its existing 7(a) program specifically to help small businesses purchase or access modern business software and related technology services.
Key Provisions
- Amends Section 7(a) of the Small Business Act by adding a new paragraph allowing loans to finance business software, cloud computing services, or similar technology.
- Eligible uses include tools that support business operations, product or service delivery, payroll processing and payment, human resources functions, sales and billing, accounting, inventory and supply tracking, and related records management.
- Explicitly includes business tools that use artificial intelligence.
- Includes a rule of construction stating that the change does not:
- Retroactively affect the validity of any prior 7(a) loans used for these purposes.
- Permit loans for research and development activities.
- Alter the existing definition of working capital.
Significant Changes to Existing Law
- Expands the permissible uses of 7(a) loans by adding a specific category for modern business software and cloud services that was not previously listed in statute.
- Provides clarity through the rule of construction to avoid unintended interpretations of the new authority.
Potential Impacts
- On government agencies: Increases the range of loan purposes the SBA must administer and review under the 7(a) program.
- On citizens and small businesses: Enables more small businesses to obtain financing for technology upgrades that support daily operations and efficiency.
- No direct effects on international relations are addressed in the legislation.
Main Stakeholders Affected
- Small businesses seeking financing for technology.
- The Small Business Administration, which administers the 7(a) loan program.
- Lenders participating in the SBA 7(a) program.
Notable Legal, Constitutional, or Political Implications
- The bill makes a targeted statutory addition to an existing loan program without creating new regulatory authority or altering constitutional limits on federal spending.
- The rule of construction addresses potential ambiguity in loan eligibility to reduce legal disputes over past or future uses.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Cosponsors (3)
Rep. Lee, Susie [D-NV-3], Rep. Mrvan, Frank J. [D-IN-1], Rep. McGarvey, Morgan [D-KY-3]
Recent Actions
- 2026-06-24: Motion to reconsider laid on the table Agreed to without objection.
- 2026-06-24: 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). (Roll call 226)
- 2026-06-24: Passed/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). (Roll call 226)
- 2026-06-24: Considered as unfinished business. (consideration: CR H4227)
- 2026-06-23: 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.
- 2026-06-23: DEBATE - The House proceeded with forty minutes of debate on H.R. 915.
- 2026-06-23: Considered under suspension of the rules. (consideration: CR H4142-4143; text: CR H4142)
- 2026-06-23: Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
- 2026-06-03: Placed on the Union Calendar, Calendar No. 591.
- 2026-06-03: Reported by the Committee on Small Business. H. Rept. 119-678.
- 2026-06-03: Reported by the Committee on Small Business. H. Rept. 119-678.
- 2026-05-20: Ordered to be Reported by the Yeas and Nays: 23 - 0.
- 2026-05-20: Committee Consideration and Mark-up Session Held
- 2025-02-04: Referred to the House Committee on Small Business.
- 2025-02-04: Introduced in House
Bill Versions
- Small Business Technological Advancement Act — issued 2026-06-24 — PDF (4 pages)
- Small Business Technological Act of 2025 — issued 2025-02-04 — PDF (2 pages)
- Small Business Technological Act of 2025 — issued 2026-06-03 — PDF (6 pages)