Small Business Technological Act of 2025

# Small Business Technological Act of 2025 (S 305) - Summary **What It Would Do:** The Small Business Technological Act of 2025 aims to help small businesses adopt advanced technology and improve their cybersecurity. The bill would likely expand government lending programs and loan guarantees to make it easier and more affordable for small companies to borrow money specifically for purchasing new technology, upgrading computer systems, and implementing security measures to protect against hacking and identity theft. **Who It Affects:** This bill primarily affects small business owners and entrepreneurs who want to modernize their operations but may lack the capital to do so. It could also benefit banks and lending institutions that participate in government-backed loan programs, and technology vendors who sell to small businesses. **Current Status:** As of now, S 305 is in committee, meaning it has been introduced in the Senate but has not yet been debated or voted on by the full chamber.

The bill was sponsored by Senator Todd Young (R-IN). Before it can become law, it would need to pass committee review, Senate floor approval, House approval, and presidential signature.