H.R.915 - Small Business Technological Act of 2025 (119th Congress)
Summary
H.R. 915, the Small Business Technological Act of 2025, aims to amend Section 7(a) of the Small Business Act. It authorizes the Small Business Administration (SBA) to provide loans to small businesses for the purpose of financing modern business software and cloud computing services. This includes technologies that facilitate business operations, product delivery, payroll processing, human resources, sales, billing, accounting, and inventory management, potentially incorporating artificial intelligence tools.
Expected Effects
The bill's passage would expand the SBA's loan program to include technology upgrades for small businesses. This could lead to increased adoption of modern software and cloud services. Ultimately, it could improve efficiency and competitiveness among small businesses.
Potential Benefits
- Modernization of Small Businesses: Facilitates the adoption of modern business software and cloud computing.
- Improved Efficiency: Streamlines business operations, product delivery, and administrative tasks.
- Enhanced Competitiveness: Helps small businesses compete with larger companies by leveraging technology.
- Support for Innovation: Encourages the use of AI and other advanced tools.
- Economic Growth: Potentially stimulates the software and cloud computing industries.
Most Benefited Areas:
Potential Disadvantages
- Increased Debt Burden: Small businesses may take on additional debt to finance software adoption.
- Risk of Misallocation: Funds could be used for unnecessary or ineffective software.
- Potential for Abuse: Risk of fraudulent loan applications or misuse of funds.
- Limited Scope: Focuses solely on technology, potentially neglecting other critical business needs.
- Market Distortion: Government-backed loans could create an uneven playing field.
Constitutional Alignment
The bill appears to align with the spirit of the Constitution's Article I, Section 8, which grants Congress the power to "lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States." By supporting small businesses through loans, the bill aims to promote economic activity and general welfare. There are no apparent infringements on individual liberties or rights as defined in the Bill of Rights.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).