Small companies can borrow money for software and AI tools.
H.R. 915 — Small Business Technological Advancement Act · Filed by Mark Alford (R-MO) · 3 cosponsors · Introduced Feb 4, 2025 · Passed chamber
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What it does
The bill lets small companies use federal loans to buy software. It covers cloud computing services and AI tools. These include payroll systems, accounting software, and inventory management. The bill makes clear the agency could make these loans before. It does not allow loans for research and development.
Who it affects
Small company owners can now get federal loans for digital tools more easily. Software and cloud computing companies may sell more to small companies.
One thing to notice
The bill clarifies what the agency could already do, rather than creating a brand new program.
From the analysis of the bill text, linked under Primary records below.
Where it stands
3 cosponsors: 3 Democrats.
- Feb 4, 2025 — Introduced · Congress.gov: “Introduced in House”
- Feb 4, 2025 — Referred to House Committee on Small Business and Senate Committee on Small Business and Entrepreneurship · Congress.gov: “Referred to the House Committee on Small Business”
- May 20, 2026 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
- May 20, 2026 — Reported out of committee · Congress.gov: “Ordered to be Reported by the Yeas and Nays: 23 - 0”
- Jun 23, 2026 — Floor vote scheduled · Congress.gov: “Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended”
- Jun 24, 2026 — Passed the House · Congress.gov: “On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required)…”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- federal loans — Money the government lends to people or companies.
- cloud computing services — Software and data storage that a company rents online.
- accounting software — A computer program that tracks money and bills.
- inventory management — Keeping track of items a company has to sell.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,369 characters) on Jul 10, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,938 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-11-05.
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