Small Business Technological Advancement Act

Bill: 118-hr-10269
Sponsor: full_name: Rep. Alford, Mark [R-MO-4]
Introduced: 2024-12-03
Policy area: Commerce
Latest action: action_date: 2024-12-03
text: Referred to the House Committee on Small Business.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 10269 IN THE HOUSE OF REPRESENTATIVES December 3, 2024 Mr. Alford introduced the following bill; which was referred to the Committee on Small Business A BILL To authorize the Small Business Administration to provide business loans to finance business software or cloud computing services, and for other purposes.

1. Short title This Act may be cited as the Small Business Technological Advancement Act . 2. Additional uses for Small Business Administration business loans Section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) is amended by adding at the end the following: (38) Business software or cloud computing The Administration may provide loans under this subsection to finance, in whole or in part, business software or cloud computing services that facilitates business operations, product or service delivery, the processing, payment, or tracking of payroll expenses, human resources, sales and billing functions, or accounting or tracking of supplies, inventory, records and expenses. .