Small Business Technological Advancement Act
Latest action (24 Jun 2026): 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).
What this bill does
H.R. 915, the Small Business Technological Advancement Act, would amend the Small Business Act to explicitly allow the Small Business Administration's 7(a) loan program to finance business software, cloud computing services, and related technology. This includes tools used for business operations, product or service delivery, payroll processing, human resources, sales and billing, and accounting or tracking of supplies, inventory, and records—including software that uses artificial intelligence. The bill clarifies that this addition does not imply such loans were previously impermissible, does not allow 7(a) loans to be used for research and development, and does not change the existing definition of "working capital" under the Small Business Act.
The bill primarily affects small businesses seeking SBA-backed loans, as well as lenders participating in the 7(a) program. By naming modern software and cloud services as an eligible use of loan proceeds, it aims to give small business owners clearer access to financing for adopting current business technology.
H.R. 915 passed the House on June 24, 2026, by a vote of 414–4, with one member voting present. It now goes to the Senate for consideration; the Senate could approve it as passed, amend it, or take no action, and it would need Senate passage and the President's signature to become law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official 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.
Timeline
24 Jun 2026
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).
20 May 2026
Ordered to be Reported by the Yeas and Nays: 23 - 0.
Common questions
- What does H.R. 915 do?
- H.R. 915, the Small Business Technological Advancement Act, would amend the Small Business Act to explicitly allow the Small Business Administration's 7(a) loan program to finance business software, cloud computing services, and related technology. This includes tools used for business operations, product or service delivery, payroll processing, human resources, sales and billing, and accounting or tracking of supplies, inventory, and records—including software that uses artificial intelligence. The bill clarifies that this addition does not imply such loans were previously impermissible, does not allow 7(a) loans to be used for research and development, and does not change the existing definition of "working capital" under the Small Business Act. The bill primarily affects small businesses seeking SBA-backed loans, as well as lenders participating in the 7(a) program. By naming modern software and cloud services as an eligible use of loan proceeds, it aims to give small business owners clearer access to financing for adopting current business technology. H.R. 915 passed the House on June 24, 2026, by a vote of 414–4, with one member voting present. It now goes to the Senate for consideration; the Senate could approve it as passed, amend it, or take no action, and it would need Senate passage and the President's signature to become law.
- Has H.R. 915 become law?
- Not yet. As of 24 Jun 2026, H.R. 915 is passed house (senate next).
- Who sponsored H.R. 915?
- H.R. 915 was sponsored by Rep. Mark Alford [R-MO4] (Republican-MO), with 3 cosponsors.
- What's the latest action on H.R. 915?
- 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). (24 Jun 2026).
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