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Senate Bill 305
119th Congress(2025-2026)
Small Business Technological Act of 2025
Introduced
Introduced
Introduced in Senate on Jan 29, 2025
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Introduced in Senate 
Jan 29, 2025
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Introduced in Senate(Jan 29, 2025)
Jan 29, 2025
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Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
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S. 305 (Introduced-in-Senate)


119th CONGRESS
1st Session
S. 305


To authorize small business loans to finance access to modern business software, and for other purposes.

IN THE SENATE OF THE UNITED STATES

January 29, 2025

Mr. Young (for himself, Ms. Rosen, Mr. Budd, Mrs. Shaheen, and Mr. Hickenlooper) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship

A BILL

To authorize small business loans to finance access to modern business software, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Small Business Technological Act of 2025”.

SEC. 2. Additional uses for small business administration business loans.

(a) In general.—Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended by adding at the end the following:

“(38) ACCESS TO MODERN BUSINESS SOFTWARE.—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.”.

(b) Rule of construction.—Nothing in the amendment made by subsection (a) shall be construed to—

(1) 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;

(2) 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

(3) limit the definition of working capital under the Small Business Act (15 U.S.C. 631 et seq.).