H.R. 915

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 915 Referred in Senate (RFS)]

<DOC>
119th CONGRESS
2d Session
H. R. 915

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

July 13, 2026

Received; read twice and referred to the Committee on Small Business 
and Entrepreneurship

_______________________________________________________________________

AN ACT

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 
Advancement Act''.

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.).

Passed the House of Representatives June 24, 2026.

Attest:

KEVIN F. MCCUMBER,

Clerk.