[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 305 Introduced in Senate (IS)]

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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.).
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