Rosen Helps Introduce Bipartisan Bill to Cut Red Tape, Help Small Businesses Adopt Digital Tools

WASHINGTON, DC– U.S. Senators Jacky Rosen (D-NV), Todd Young (R-IN), Ted Budd (R-NC), and Jeanne Shaheen (D-NH) introduced legislation to cut red tape and help small business owners integrate digital tools into their businesses. The bipartisanSmall Business Technological Advancement Actwould clarify that small businesses can utilize the Small Business Administration’s (SBA) 7(a) loan program to finance technology that supports daily operations, including inventory management, product delivery, and accounting systems.
“Small businesses are the backbone of Nevada’s economy, and I’m committed to helping them thrive in any way I can,”said Senator Rosen.“That’s why I’m helping to introduce this bipartisan bill that will free up federal resources to make sure small businesses have the technological support they need to modernize their operations and continue to compete.”
As a member of the Committee on Small Business and Entrepreneurship, Senator Rosen has worked to support Nevada’s small businesses. Each year, she leads her Senate colleagues inpushingfor robust funding to support small businesses and cut burdensome red tape. Last year, she introduced theTax Relief for New Businesses Actto increase the startup tax deduction for entrepreneurs looking to start a small business and reduce barriers for startups. Senator Rosen has also introduced the bipartisanMinority Entrepreneurship Grant Program Actto establish a Minority Entrepreneurship Grant Program through the SBA and award grants to Minority Serving Institutions to promote and increase opportunities for students to start their own businesses.
###