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Small Business Support: Loans for Modern Software and AI

This act makes it easier for small businesses to access loans for modern business software and cloud computing services, including AI tools. This aims to help entrepreneurs modernize their operations, streamline processes, and enhance market competitiveness. Citizens can expect improved services and products from local businesses as a result.
Key points
Small businesses can now get loans to purchase software for management, payroll, sales, accounting, and other key areas.
Funding also covers cloud services and AI-powered tools, paving the way for innovation.
The goal is to support the growth of small businesses and their adaptation to the digital economy.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_305
Sponsor: Sen. Young, Todd [R-IN]
Process start date: 2025-01-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
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_S_305.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-01-29.

What are the main provisions?

Key points include:

  • Small businesses can now get loans to purchase software for management, payroll, sales, accounting, and other key areas.
  • Funding also covers cloud services and AI-powered tools, paving the way for innovation.
  • The goal is to support the growth of small businesses and their adaptation to the digital economy.
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 Sen. Young, Todd [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

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