| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 305 |
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| 5 | 5 | | To authorize small business loans to finance access to modern business |
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| 6 | 6 | | software, and for other purposes. |
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| 7 | 7 | | IN THE SENATE OF THE UNITED STATES |
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| 8 | 8 | | JANUARY29, 2025 |
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| 9 | 9 | | Mr. Y |
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| 10 | 10 | | OUNG(for himself, Ms. ROSEN, Mr. BUDD, Mrs. SHAHEEN, and Mr. |
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| 11 | 11 | | H |
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| 12 | 12 | | ICKENLOOPER) introduced the following bill; which was read twice and |
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| 13 | 13 | | referred to the Committee on Small Business and Entrepreneurship |
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| 14 | 14 | | A BILL |
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| 15 | 15 | | To authorize small business loans to finance access to |
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| 16 | 16 | | modern business software, and for other purposes. |
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| 17 | 17 | | Be it enacted by the Senate and House of Representa-1 |
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| 18 | 18 | | tives of the United States of America in Congress assembled, 2 |
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| 19 | 19 | | SECTION 1. SHORT TITLE. 3 |
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| 20 | 20 | | This Act may be cited as the ‘‘Small Business Tech-4 |
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| 21 | 21 | | nological Act of 2025’’. 5 |
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| 22 | 22 | | SEC. 2. ADDITIONAL USES FOR SMALL BUSINESS ADMINIS-6 |
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| 23 | 23 | | TRATION BUSINESS LOANS. 7 |
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| 24 | 24 | | (a) I |
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| 25 | 25 | | NGENERAL.—Section 7(a) of the Small Busi-8 |
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| 26 | 26 | | ness Act (15 U.S.C. 636(a)) is amended by adding at the 9 |
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| 27 | 27 | | end the following: 10 |
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| 28 | 28 | | VerDate Sep 11 2014 22:35 Feb 25, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S305.IS S305 |
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| 29 | 29 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 30 | 30 | | •S 305 IS |
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| 31 | 31 | | ‘‘(38) ACCESS TO MODERN BUSINESS SOFT -1 |
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| 32 | 32 | | WARE.—The Administration may provide loans 2 |
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| 33 | 33 | | under this subsection to finance, in whole or in part, 3 |
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| 34 | 34 | | business software or cloud computing services, or 4 |
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| 35 | 35 | | any such technology, that facilitates business oper-5 |
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| 36 | 36 | | ations, product or service delivery, the processing, 6 |
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| 37 | 37 | | payment, or tracking of payroll expenses, human re-7 |
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| 38 | 38 | | sources, sales and billing functions, or accounting or 8 |
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| 39 | 39 | | tracking of supplies, inventory, records and ex-9 |
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| 40 | 40 | | penses, including business tools that utilize artificial 10 |
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| 41 | 41 | | intelligence.’’. 11 |
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| 42 | 42 | | (b) R |
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| 43 | 43 | | ULE OF CONSTRUCTION.—Nothing in the 12 |
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| 44 | 44 | | amendment made by subsection (a) shall be construed 13 |
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| 45 | 45 | | to— 14 |
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| 46 | 46 | | (1) provide that loans made under section 7(a) 15 |
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| 47 | 47 | | of the Small Business Act (15 U.S.C. 636(a)) before 16 |
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| 48 | 48 | | the date of enactment of this Act for the purposes 17 |
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| 49 | 49 | | described in paragraph (38) of such section 7(a), as 18 |
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| 50 | 50 | | added by subsection (a), were not permissible; 19 |
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| 51 | 51 | | (2) authorize the use of loans made under sec-20 |
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| 52 | 52 | | tion 7(a) of the Small Business Act (15 U.S.C. 21 |
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| 53 | 53 | | 636(a)) for research and development purposes; or 22 |
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| 54 | 54 | | (3) limit the definition of working capital under 23 |
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| 55 | 55 | | the Small Business Act (15 U.S.C. 631 et seq.). 24 |
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| 56 | 56 | | Æ |
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| 57 | 57 | | VerDate Sep 11 2014 22:35 Feb 25, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S305.IS S305 |
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| 58 | 58 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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