Successful Entrepreneurship for Reservists and Veterans Act or the SERV Act
This bill requires (1) the Small Business Administration to report on the veterans interagency task force; and (2) the Government Accountability Office to report on access to credit for small businesses owned and controlled by veterans, Reservists, or their spouses.
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 828 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 828
To require the Administrator of the Small Business Administration to
report on the veterans interagency task force, to require the
Comptroller General of the United States to report on access to credit
for small business concerns owned and controlled by covered
individuals, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 28, 2025
Ms. Davids of Kansas (for herself, Mr. Alford, and Mr. Conaway)
introduced the following bill; which was referred to the Committee on
Small Business
_______________________________________________________________________
A BILL
To require the Administrator of the Small Business Administration to
report on the veterans interagency task force, to require the
Comptroller General of the United States to report on access to credit
for small business concerns owned and controlled by covered
individuals, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Successful Entrepreneurship for
Reservists and Veterans Act'' or the ``SERV Act''.
SEC. 2. REPORTING REQUIREMENT FOR VETERANS INTERAGENCY TASK FORCE.
Section 32(c) of the Small Business Act (15 U.S.C. 657b(c)) is
amended by adding at the end the following:
``(4) Report.--Along with the budget justification
documents for the Small Business Administration submitted to
Congress in connection with the budget for a fiscal year
submitted under section 1105 of title 31, United States Code,
the Administrator shall submit a report--
``(A) discussing the appointments made to and
activities of the task force; and
``(B) identifying and outlining a plan for outreach
and promotion of the programs and services for
veterans, including Veteran Business Outreach Centers,
Boots to Business, Boots to Business Reboot, Service-
Disabled Entrepreneurship Development Training Program,
Veteran Institute for Procurement, Women Veteran
Entrepreneurship Training Program, and Veteran Women
Igniting the Spirit of Entrepreneurship.''.
SEC. 3. GAO REPORT ON ACCESS TO CREDIT.
(a) Report on Access to Credit.--
(1) In general.--Not later than 1 year after the date of
the enactment of this Act, the Comptroller General of the
United States shall submit a report on the ability of small
business concerns owned and controlled by covered individuals
to access credit to--
(A) the Committee on Veterans' Affairs and the
Committee on Small Business and Entrepreneurship of the
Senate; and
(B) the Committee on Veterans' Affairs and the
Committee on Small Business of the House of
Representatives.
(2) Contents.--The report submitted under paragraph (1)
shall include, to the extent practicable, an analysis of--
(A) the sources of credit used by small business
concerns owned and controlled by covered individuals
and the average percentage of the credit obtained from
each source by such concerns;
(B) the default rate for small business concerns
owned and controlled by covered individuals,
disaggregated by each source of credit described in
subparagraph (A), as compared to the default rate for
the source of credit for small business concerns
generally;
(C) the Federal lending programs available to
provide credit to small business concerns owned and
controlled by covered individuals;
(D) gaps, if any, in the availability of credit for
small business concerns owned and controlled by covered
individuals that are not being filled by the Federal
Government or private sources;
(E) obstacles faced by covered individuals in
trying to access credit;
(F) the extent to which deployment and other
military responsibilities affect the credit history of
veterans and Reservists; and
(G) the extent to which covered individuals are
aware of Federal programs targeted towards helping
covered individuals access credit.
(b) Definitions.--In this Act:
(1) Covered individual.--The term ``covered individual''
means--
(A) a veteran;
(B) a service-disabled veteran;
(C) a Reservist;
(D) the spouse of an individual described in
subparagraph (A), (B), or (C); or
(E) the spouse of a member of the Armed Forces.
(2) Reservist.--The term ``Reservist'' means a member of a
reserve component of the Armed Forces, as described in section
10101 of title 10, United States Code.
(3) Small business act definitions.--The terms ``service-
disabled veteran'', ``small business concern'', and ``veteran''
have the meanings given those terms, respectively, under
section 3 of the Small Business Act (15 U.S.C. 632).
SEC. 4. COMPLIANCE WITH CUTGO.
No additional amounts are authorized to be appropriated to carry
out this Act or the amendments made by this Act.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H746-748)
DEBATE - The House proceeded with forty minutes of debate on H.R. 828.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H746)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H746)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line