The Bill
Small businesses without other options may now be able to borrow money from the government for software and tech tools, including artificial intelligence, thanks to Rep. Jeff Hurd (R-CO-3). Hurd joined an overwhelming bipartisan majority on June 24 to pass the Small Business Technological Advancement Act.
The Small Business Administration's (SBA) flagship 7(a) loan program is the federal government's primary tool for helping small businesses get financing. If the companion bill passes in the Senate, the program would cover software and cloud-based services that help run day-to-day operations, including things like payroll systems, accounting platforms, inventory tracking, and sales tools.
The bill was introduced in February 2025 by Rep. Mark Alford (R-MO-4) and cleared the House Small Business Committee unanimously (23-0) before reaching the full House floor.
***
The Vote Breakdown
The final tally was lopsided. 205 Republicans voted yes, with just four voting no. On the Democratic side, 208 members voted yes and none voted no.
Hurd voted yes, in line with his party's majority position. He did not break with his party on this vote. The Colorado Republican has missed four votes since taking office in 2025.
The legislation now heads to the Senate, where an identical companion bill, S.305, was introduced earlier in the session.
---
Spot something wrong? Report an issue with this article