arrow_back Back to App

Small Business Support: Loans for Modern Software and AI

This new act makes it easier for small businesses to access loans for modern business software and cloud computing services, including tools utilizing artificial intelligence. This aims to help entrepreneurs streamline operations, manage finances, and human resources, potentially leading to better quality services and products for consumers.
Key points
Small businesses can now obtain loans to finance software for management, payroll, sales, accounting, and other key operations.
The act also covers funding for cloud computing services and AI-powered tools, opening new opportunities for business digitalization.
The goal is to support the growth of small businesses by modernizing their technology, which can lead to job creation and economic growth.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_915
Sponsor: Rep. Alford, Mark [R-MO-4]
Process start date: 2025-02-04
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Small Business Technological Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_915.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-04.

What are the main provisions?

Key points include:

  • Small businesses can now obtain loans to finance software for management, payroll, sales, accounting, and other key operations.
  • The act also covers funding for cloud computing services and AI-powered tools, opening new opportunities for business digitalization.
  • The goal is to support the growth of small businesses by modernizing their technology, which can lead to job creation and economic growth.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Alford, Mark [R-MO-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Informatization