Small Business Technological Advancement Act
- Introduced Dec 3
- Committee Dec 3
- Passed House Next
- Passed Senate Not yet
- To President Not yet
- Law Not yet
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No recorded roll-call vote on this bill yet
Member trades
Summary
This bill authorizes the Small Business Administration (SBA) to provide business loans for financing business software or cloud computing services.
Sec. 2, Additional uses for SBA business loans: The bill amends the Small Business Act to add a new provision allowing the SBA to provide loans under section 7(a) to finance business software or cloud computing services that facilitate business operations, product or service delivery, payroll processing, human resources, sales and billing, or accounting and tracking of supplies, inventory, records, and expenses.
Summary of the bill text as introduced in House (Dec 3, 2024), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.
Actions
- HouseIntroduced in HouseDec 3, 2024
- HouseReferred to the House Committee on Small Business.Dec 3, 2024
Bill record
Text versions1
- Introduced in HouseDec 3, 2024PDF: Introduced in House
Committees1
- House Small Business CommitteeReferred To Dec 3, 2024
Sponsor and cosponsors0 cosponsors
- Rep. Mark Alford (R-MO-4)Sponsor, Dec 3, 2024
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles2
- Small Business Technological Advancement ActShort Title(s) as Introduced
- To authorize the Small Business Administration to provide business loans to finance business software or cloud computing services, and for other purposes.Official Title as Introduced
Subjects1
Related bills0
No related bills listed
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.