All Roll Calls
Yes: 414 • No: 4
119-hr-915119th CongressWALLET
Small Business Technological Advancement Act
Sponsored By: Representative Alford, Mark [R-MO-4]
Passed House
Summary
Expands SBA 7(a) loans to cover business software, cloud services, and AI-enabled tools. This bill would allow small firms to use 7(a) loans to buy digital systems that handle payroll, human resources, sales and billing, accounting, inventory, and other core operations.
Show full summary
- Small businesses: Makes it easier for small firms to finance modern software and cloud services so they can upgrade payroll, HR, sales, accounting, and inventory tools.
- Workers and managers: Could speed adoption of automation and AI tools that change how payroll, HR, billing, and recordkeeping are done at small employers.
- SBA and lenders: Broadens allowable 7(a) loan purposes so lenders can approve loans specifically for software, cloud services, and AI-enabled business tools.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
SBA loans for software and AI tools
Small business owners would be able to use SBA 7(a) loans to buy or subscribe to business software, cloud services, and AI tools. Loans would cover tools for operations, product or service delivery, payroll, human resources, sales and billing, accounting, and tracking supplies, inventory, records, and expenses. The bill would not authorize 7(a) loans for research and development. It would not change the Small Business Act’s definition of working capital. Past 7(a) loans used for these tech needs would remain valid, and the change would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Alford, Mark [R-MO-4]
MO • R
Cosponsors
Rep. Lee, Susie [D-NV-3]
NV • D
Sponsored 2/4/2025
Rep. Mrvan, Frank J. [D-IN-1]
IN • D
Sponsored 12/18/2025
Rep. McGarvey, Morgan [D-KY-3]
KY • D
Sponsored 5/19/2026
Roll Call Votes
house vote • 6/24/2026
On Motion to Suspend the Rules and Pass, as Amended
Yes: 414 • No: 4