United StatesBill would let Small Business Administration loans pay for business software and cloud services
If it becomes law, the Small Business Administration could make 7(a) loans to help small businesses pay for business software and cloud computing services.
What it does
The Small Business Administration could make 7(a) loans to cover business software and cloud computing, including tools that use artificial intelligence.
The bill says it does not allow loans for research and development and does not make earlier software loans improper.
Argument forNaming software and cloud services as loan purposes could make it easier for small businesses to pay for payroll, billing, and inventory tools.
Argument againstSoftware and cloud services can lose value quickly, so borrowers who take loans for them might still owe money after the tools stop being useful.
More detail
The Small Business Administration may make 7(a) loans to pay, in whole or in part, for business software or cloud computing services. It covers software and technology for running a business, delivering products or services, payroll, human resources, sales and billing, accounting, and tracking supplies, inventory, and records, including tools that use artificial intelligence. The bill says the agency may offer these loans, not that it must.
The bill says it should not be read to make earlier software loans improper, allow loans for research and development, or narrow the meaning of working capital. It limits how the new loan paragraph should be understood. It refers to loans made before the bill's date of enactment.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jul 13Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.Latest
- Jun 24Considered as unfinished business. (consideration: CR H4227)
- Vote recorded Legislative vote recorded. Result: Passed.House
- Jun 24Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 4, 1 Present (Roll no. 226).Passed House
- Jun 24Motion to reconsider laid on the table Agreed to without objection.
- Jun 23Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
- Jun 23Considered under suspension of the rules. (consideration: CR H4142-4143; text: CR H4142)
- Jun 23DEBATE - The House proceeded with forty minutes of debate on H.R. 915.
- Jun 23At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Williams (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.
- Jun 3Reported by the Committee on Small Business. H. Rept. 119-678.
- Jun 3Placed on the Union Calendar, Calendar No. 591.
- May 20Committee Consideration and Mark-up Session Held
- May 20Ordered to be Reported by the Yeas and Nays: 23 - 0.
- 2025
- Feb 4Introduced in House
- Feb 4Referred to the House Committee on Small Business.Introduced
Economy & JobsTechnology