United StatesSenate Bill 305S 305

Small Business Technological Act of 2025

Commerce

2 pages

senate
house
president

Introduced January 29, 2025 by Todd Young · Last progress January 29, 2025

House Votes

Vote Data Not Available

Senate Votes

Pending Committee

January 29, 2025

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Presidential Signature

Signature Data Not Available

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Sponsors (5)

Committee Meetings (1)

Senate

Meeting

Scheduled

Hearings to examine fueling America's manufacturing comeback, including S.305, to authorize small business loans to finance access to modern business software, S.1555, to increase loan limits for loans made to small manufacturers, S.1593, to exempt small business concerns from duties imposed pursuant to the national emergency declared on April 2, 2025, by the President.

Committee on Small Business and EntrepreneurshipRussell Senate Office Building, 428AMay 21, 2025 at 2:00 PM

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Text Versions

Introduced in Senate

January 29, 2025•2 pages

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Amendments

No Amendments

Allows the Small Business Administration to make loans that cover business software, cloud services, and related technologies, including tools that use artificial intelligence. It clarifies that the change does not (1) retroactively forbid past loans for these purposes, (2) authorize loans for research and development, or (3) alter the legal definition of "working capital."