119-hr828

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 828 Referred in Senate

    (RFS) ]

<DOC>
119th CONGRESS
 1st Session
 H. R. 828

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 February 25, 2025

 Received; read twice and referred to the Committee on Small Business 
 and Entrepreneurship

_______________________________________________________________________

 AN ACT

 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.

 Passed the House of Representatives February 24, 2025.

 Attest:

 KEVIN F. MCCUMBER,

 Clerk.