119THCONGRESS
1
STSESSION H. R. 828
AN ACT
To require the Administrator of the Small Business Adminis-
tration 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 Representa-1
tives of the United States of America in Congress assembled, 2 2
•HR 828 EH
SECTION 1. SHORT TITLE. 1
This Act may be cited as the ‘‘Successful Entrepre-2
neurship for Reservists and Veterans Act’’ or the ‘‘SERV 3
Act’’. 4
SEC. 2. REPORTING REQUIREMENT FOR VETERANS INTER-5
AGENCY TASK FORCE. 6
Section 32(c) of the Small Business Act (15 U.S.C. 7
657b(c)) is amended by adding at the end the following: 8
‘‘(4) R
EPORT.—Along with the budget justifica-9
tion documents for the Small Business Administra-10
tion submitted to Congress in connection with the 11
budget for a fiscal year submitted under section 12
1105 of title 31, United States Code, the Adminis-13
trator shall submit a report— 14
‘‘(A) discussing the appointments made to 15
and activities of the task force; and 16
‘‘(B) identifying and outlining a plan for 17
outreach and promotion of the programs and 18
services for veterans, including Veteran Busi-19
ness Outreach Centers, Boots to Business, 20
Boots to Business Reboot, Service-Disabled En-21
trepreneurship Development Training Program, 22
Veteran Institute for Procurement, Women Vet-23
eran Entrepreneurship Training Program, and 24
Veteran Women Igniting the Spirit of Entrepre-25
neurship.’’. 26 3
•HR 828 EH
SEC. 3. GAO REPORT ON ACCESS TO CREDIT. 1
(a) R
EPORT ONACCESS TOCREDIT.— 2
(1) I
N GENERAL.—Not later than 1 year after 3
the date of the enactment of this Act, the Comp-4
troller General of the United States shall submit a 5
report on the ability of small business concerns 6
owned and controlled by covered individuals to ac-7
cess credit to— 8
(A) the Committee on Veterans’ Affairs 9
and the Committee on Small Business and En-10
trepreneurship of the Senate; and 11
(B) the Committee on Veterans’ Affairs 12
and the Committee on Small Business of the 13
House of Representatives. 14
(2) C
ONTENTS.—The report submitted under 15
paragraph (1) shall include, to the extent prac-16
ticable, an analysis of— 17
(A) the sources of credit used by small 18
business concerns owned and controlled by cov-19
ered individuals and the average percentage of 20
the credit obtained from each source by such 21
concerns; 22
(B) the default rate for small business con-23
cerns owned and controlled by covered individ-24
uals, disaggregated by each source of credit de-25
scribed in subparagraph (A), as compared to 26 4
•HR 828 EH
the default rate for the source of credit for 1
small business concerns generally; 2
(C) the Federal lending programs available 3
to provide credit to small business concerns 4
owned and controlled by covered individuals; 5
(D) gaps, if any, in the availability of cred-6
it for small business concerns owned and con-7
trolled by covered individuals that are not being 8
filled by the Federal Government or private 9
sources; 10
(E) obstacles faced by covered individuals 11
in trying to access credit; 12
(F) the extent to which deployment and 13
other military responsibilities affect the credit 14
history of veterans and Reservists; and 15
(G) the extent to which covered individuals 16
are aware of Federal programs targeted to-17
wards helping covered individuals access credit. 18
(b) D
EFINITIONS.—In this Act: 19
(1) C
OVERED INDIVIDUAL.—The term ‘‘covered 20
individual’’ means— 21
(A) a veteran; 22
(B) a service-disabled veteran; 23
(C) a Reservist; 24 5
•HR 828 EH
(D) the spouse of an individual described 1
in subparagraph (A), (B), or (C); or 2
(E) the spouse of a member of the Armed 3
Forces. 4
(2) R
ESERVIST.—The term ‘‘Reservist’’ means 5
a member of a reserve component of the Armed 6
Forces, as described in section 10101 of title 10, 7
United States Code. 8
(3) S
MALL BUSINESS ACT DEFINITIONS .—The 9
terms ‘‘service-disabled veteran’’, ‘‘small business 10
concern’’, and ‘‘veteran’’ have the meanings given 11
those terms, respectively, under section 3 of the 12
Small Business Act (15 U.S.C. 632). 13
SEC. 4. COMPLIANCE WITH CUTGO. 14
No additional amounts are authorized to be appro-15
priated to carry out this Act or the amendments made 16
by this Act. 17
Passed the House of Representatives February 24,
2025.
Attest:
Clerk. 119
TH
CONGRESS
1
ST
S
ESSION
H. R. 828
AN ACT
To require the Administrator of the Small Business
Administration to report on the veterans inter-
agency 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.