Us Congress 2025-2026 Regular Session

Us Congress House Bill HB828 Compare Versions

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Old	New		Differences
	1	+	I
1	2		119THCONGRESS
2	3		1
3	4		STSESSION H. R. 828
4		-	AN ACT
	5	+	To require the Administrator of the Small Business Administration to report
	6	+	on the veterans interagency task force, to require the Comptroller General
	7	+	of the United States to report on access to credit for small business
	8	+	concerns owned and controlled by covered individuals, and for other
	9	+	purposes.
	10	+	IN THE HOUSE OF REPRESENTATIVES
	11	+	JANUARY28, 2025
	12	+	Ms. D
	13	+	AVIDSof Kansas (for herself, Mr. ALFORD, and Mr. CONAWAY) intro-
	14	+	duced the following bill; which was referred to the Committee on Small
	15	+	Business
	16	+	A BILL
5	17		To require the Administrator of the Small Business Adminis-
6	18		tration to report on the veterans interagency task force,
7	19		to require the Comptroller General of the United States
8	20		to report on access to credit for small business concerns
9	21		owned and controlled by covered individuals, and for
10	22		other purposes.
11	23		Be it enacted by the Senate and House of Representa-1
12		-	tives of the United States of America in Congress assembled, 2 2
13		-	•HR 828 EH
	24	+	tives of the United States of America in Congress assembled, 2
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14	28		SECTION 1. SHORT TITLE. 1
15	29		This Act may be cited as the ‘‘Successful Entrepre-2
16	30		neurship for Reservists and Veterans Act’’ or the ‘‘SERV 3
17	31		Act’’. 4
18	32		SEC. 2. REPORTING REQUIREMENT FOR VETERANS INTER-5
19	33		AGENCY TASK FORCE. 6
20	34		Section 32(c) of the Small Business Act (15 U.S.C. 7
21	35		657b(c)) is amended by adding at the end the following: 8
22	36		‘‘(4) R
23	37		EPORT.—Along with the budget justifica-9
24	38		tion documents for the Small Business Administra-10
25	39		tion submitted to Congress in connection with the 11
26	40		budget for a fiscal year submitted under section 12
27	41		1105 of title 31, United States Code, the Adminis-13
28	42		trator shall submit a report— 14
29	43		‘‘(A) discussing the appointments made to 15
30	44		and activities of the task force; and 16
31	45		‘‘(B) identifying and outlining a plan for 17
32	46		outreach and promotion of the programs and 18
33	47		services for veterans, including Veteran Busi-19
34	48		ness Outreach Centers, Boots to Business, 20
35	49		Boots to Business Reboot, Service-Disabled En-21
36	50		trepreneurship Development Training Program, 22
37	51		Veteran Institute for Procurement, Women Vet-23
38	52		eran Entrepreneurship Training Program, and 24
39	53		Veteran Women Igniting the Spirit of Entrepre-25
40		-	neurship.’’. 26 3
41		-	•HR 828 EH
	54	+	neurship.’’. 26
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42	58		SEC. 3. GAO REPORT ON ACCESS TO CREDIT. 1
43	59		(a) R
44	60		EPORT ONACCESS TOCREDIT.— 2
45	61		(1) I
46	62		N GENERAL.—Not later than 1 year after 3
47	63		the date of the enactment of this Act, the Comp-4
48	64		troller General of the United States shall submit a 5
49	65		report on the ability of small business concerns 6
50	66		owned and controlled by covered individuals to ac-7
51	67		cess credit to— 8
52	68		(A) the Committee on Veterans’ Affairs 9
53	69		and the Committee on Small Business and En-10
54	70		trepreneurship of the Senate; and 11
55	71		(B) the Committee on Veterans’ Affairs 12
56	72		and the Committee on Small Business of the 13
57	73		House of Representatives. 14
58	74		(2) C
59	75		ONTENTS.—The report submitted under 15
60	76		paragraph (1) shall include, to the extent prac-16
61	77		ticable, an analysis of— 17
62	78		(A) the sources of credit used by small 18
63	79		business concerns owned and controlled by cov-19
64	80		ered individuals and the average percentage of 20
65	81		the credit obtained from each source by such 21
66	82		concerns; 22
67	83		(B) the default rate for small business con-23
68	84		cerns owned and controlled by covered individ-24
69	85		uals, disaggregated by each source of credit de-25
70		-	scribed in subparagraph (A), as compared to 26 4
71		-	•HR 828 EH
	86	+	scribed in subparagraph (A), as compared to 26
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72	90		the default rate for the source of credit for 1
73	91		small business concerns generally; 2
74	92		(C) the Federal lending programs available 3
75	93		to provide credit to small business concerns 4
76	94		owned and controlled by covered individuals; 5
77	95		(D) gaps, if any, in the availability of cred-6
78	96		it for small business concerns owned and con-7
79	97		trolled by covered individuals that are not being 8
80	98		filled by the Federal Government or private 9
81	99		sources; 10
82	100		(E) obstacles faced by covered individuals 11
83	101		in trying to access credit; 12
84	102		(F) the extent to which deployment and 13
85	103		other military responsibilities affect the credit 14
86	104		history of veterans and Reservists; and 15
87	105		(G) the extent to which covered individuals 16
88	106		are aware of Federal programs targeted to-17
89	107		wards helping covered individuals access credit. 18
90	108		(b) D
91	109		EFINITIONS.—In this Act: 19
92	110		(1) C
93	111		OVERED INDIVIDUAL.—The term ‘‘covered 20
94	112		individual’’ means— 21
95	113		(A) a veteran; 22
96	114		(B) a service-disabled veteran; 23
97		-	(C) a Reservist; 24 5
98		-	•HR 828 EH
	115	+	(C) a Reservist; 24
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99	119		(D) the spouse of an individual described 1
100	120		in subparagraph (A), (B), or (C); or 2
101	121		(E) the spouse of a member of the Armed 3
102	122		Forces. 4
103	123		(2) R
104	124		ESERVIST.—The term ‘‘Reservist’’ means 5
105	125		a member of a reserve component of the Armed 6
106	126		Forces, as described in section 10101 of title 10, 7
107	127		United States Code. 8
108	128		(3) S
109	129		MALL BUSINESS ACT DEFINITIONS .—The 9
110	130		terms ‘‘service-disabled veteran’’, ‘‘small business 10
111	131		concern’’, and ‘‘veteran’’ have the meanings given 11
112	132		those terms, respectively, under section 3 of the 12
113	133		Small Business Act (15 U.S.C. 632). 13
114	134		SEC. 4. COMPLIANCE WITH CUTGO. 14
115	135		No additional amounts are authorized to be appro-15
116	136		priated to carry out this Act or the amendments made 16
117	137		by this Act. 17
118		-	Passed the House of Representatives February 24,
119		-	2025.
120		-	Attest:
121		-	Clerk. 119
122		-	TH
123		-	CONGRESS
124		-	1
125		-	ST
126		-	S
127		-	ESSION
128		-
129		-	H. R. 828
130		-	AN ACT
131		-	To require the Administrator of the Small Business
132		-	Administration to report on the veterans inter-
133		-	agency task force, to require the Comptroller
134		-	General of the United States to report on access
135		-	to credit for small business concerns owned and
136		-	controlled by covered individuals, and for other
137		-	purposes.
	138	+	Æ
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