{"database": "press", "table": "releases", "rows": [["https://www.young.senate.gov/newsroom/press-releases/young-colleagues-introduce-bipartisan-legislation-to-help-small-businesses-adopt-digital-tools/", "Young, Colleagues Introduce Bipartisan Legislation to Help Small Businesses Adopt Digital Tools", "2023-07-18", "2023", "2023-07", "Republican", "Senate", "IN", "Todd Young", "Y000064", "www.young.senate.gov", "toddyoung", "https://www.young.senate.gov/newsroom/press-releases/", "scraper", "WASHINGTON \u2013 Today, U.S. Senators Todd Young (R-Ind.), Jacky Rosen (D-Nev.), Ted Budd (R-N.C.), and Jeanne Shaheen (D-N.H.) introduced bipartisan legislation to help small business owners integrate digital tools into their businesses. The Small Business Technological Advancement Actwould clarify that small businesses can utilize the Small Business Administration\u2019s (SBA) 7(a) loan program to finance technology that supports daily operations, including inventory management, product delivery, and accounting systems.\n\n\u201cTechnological advancements have created opportunities for small businesses to tap into the digital economy and expand their customer base. However, the high upfront and ongoing costs associated with these technologies can pose financial challenges,\u201d said Senator Young. \u201cOur bipartisan bill would mitigate these economic barriers, facilitating the adoption of digital tools by small businessesin Indiana and across the country.\u201d\n\n\u201cSmall businesses are the heart of Nevada\u2019s economy, and I\u2019ll continue doing everything I can to help them thrive,\u201d said Senator Rosen. \u201cThis bipartisan legislation will cut through bureaucratic red tape and give small businesses the resources to modernize their systems and better compete in this digital era.\u201d\n\n\u201cAllowing job creators to use 7(a) loans for digital business tools is a common-sense way to help small businesses compete in the 21st century economy. Thanks to Senator Young for proposing this bill,\u201d said Senator Budd.\n\n\u201cThe global economy has become more reliant on technology and the pandemic only accelerated that trend, forcing businesses to utilize new software, digital tools and online work. When small businesses incorporate more technology into their operations, they are more likely to grow and provide more good jobs,\u201d said Senator Shaheen. \u201cThe Small Business Technological Advancement Act will clarify that small businesses can use SBA\u2019s 7(a) loans to access these important digital tools to help manage and grow their businesses.\u201d\n\nThe last few years have seen an accelerated digital transformation among small businesses, pushing the adoption of software for business continuity, customer engagement, and remote work support. The Small Business Technological Advancement Act would help small businesses continue to bridge this technological gap by amending the Small Business Act to clarify that 7(a) loan borrowers can finance business software or cloud computing services for the following:\n\nFacilitating daily operations;\n\nProduct or service delivery;\n\nProcessing, payment, and tracking of payroll expenses;\n\nHuman resources;\n\nSales and billing functions; and/or\n\nAccounting or tracking of supplies, inventory, records and expenses.", 1, "2026-03-30T01:40:41Z", "2026-04-06T18:25:20Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.young.senate.gov/newsroom/press-releases/young-colleagues-introduce-bipartisan-legislation-to-help-small-businesses-adopt-digital-tools/"], "units": {}, "query_ms": 1.7036478966474533, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}