HR915
Referred to committee
Small Business Technological Advancement Act
- Federal
- House
- Introduced Feb 4, 2025
- Session 119
Bill Text
Version EHThis Act may be cited as the Small Business Technological Advancement Act.
Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended by adding at the end the following:
The Administration may provide loans under this subsection to finance, in whole or in part, business software or cloud computing services, or any such technology, that facilitates business operations, product or service delivery, the processing, payment, or tracking of payroll expenses, human resources, sales and billing functions, or accounting or tracking of supplies, inventory, records and expenses, including business tools that utilize artificial intelligence.
Nothing in the amendment made by subsection (a) shall be construed to—
provide that loans made under section 7(a) of the Small Business Act (15 U.S.C. 636(a)) before the date of enactment of this Act for the purposes described in paragraph (38) of such section 7(a), as added by subsection (a), were not permissible;
authorize the use of loans made under section 7(a) of the Small Business Act (15 U.S.C. 636(a)) for research and development purposes; or
limit the definition of working capital under the Small Business Act (15 U.S.C. 631 et seq.).
Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended by adding at the end the following:
The Administration may provide loans under this subsection to finance, in whole or in part, business software or cloud computing services, or any such technology, that facilitates business operations, product or service delivery, the processing, payment, or tracking of payroll expenses, human resources, sales and billing functions, or accounting or tracking of supplies, inventory, records and expenses, including business tools that utilize artificial intelligence.
Nothing in the amendment made by subsection (a) shall be construed to—
provide that loans made under section 7(a) of the Small Business Act (15 U.S.C. 636(a)) before the date of enactment of this Act for the purposes described in paragraph (38) of such section 7(a), as added by subsection (a), were not permissible;
authorize the use of loans made under section 7(a) of the Small Business Act (15 U.S.C. 636(a)) for research and development purposes; or
limit the definition of working capital under the Small Business Act (15 U.S.C. 631 et seq.).
Legislative Timeline
17 actions-
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
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Considered as unfinished business. (consideration: CR H4227)
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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).
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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).
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Motion to reconsider laid on the table Agreed to without objection.
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Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules. (consideration: CR H4142-4143; text: CR H4142)
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DEBATE - The House proceeded with forty minutes of debate on H.R. 915.
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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.
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Reported by the Committee on Small Business. H. Rept. 119-678.
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Reported by the Committee on Small Business. H. Rept. 119-678.
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Placed on the Union Calendar, Calendar No. 591.
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Committee Consideration and Mark-up Session Held
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Ordered to be Reported by the Yeas and Nays: 23 - 0.
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Introduced in House
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Introduced in House
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Referred to the House Committee on Small Business.