SERV Act
Sponsored By: Representative Davids, Sharice [D-KS-3]
Passed House
Summary
Expand oversight of credit and SBA outreach for veteran and reservist small businesses. The bill would require the Small Business Administration to include a detailed report on the Veterans Interagency Task Force with its budget justification and would direct the Government Accountability Office to produce a study, due within one year, on credit access for veterans, Reservists, and their spouses.
Show full summary
- Veteran and military-spouse entrepreneurs get a required SBA outreach plan that must explicitly list major veteran-focused programs such as Veteran Business Outreach Centers and Boots to Business.
- Small businesses owned by veterans, service-disabled veterans, Reservists, or their spouses would be the focus of a GAO study that analyzes credit sources, default rates by source, federal lending options, gaps in credit, obstacles including deployment effects on credit history, and awareness of federal help.
- The SBA must report on Veterans Interagency Task Force appointments and activities, giving policymakers clearer oversight of veteran-focused efforts.
- The bill includes a budget constraint that bars any new appropriations to carry out its requirements.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
No new funding to implement bill
If enacted, this would bar any new appropriations to carry out this bill. It would take effect upon enactment. Agencies would need to use existing funds or reallocate money. Households would not see new funding tied to this bill.
Sponsors & CoSponsors
Sponsor
Davids, Sharice [D-KS-3]
KS • D
Cosponsors
Rep. Alford, Mark [R-MO-4]
MO • R
Sponsored 1/28/2025
Conaway
NJ • D
Sponsored 1/28/2025
Rep. Goodlander, Maggie [D-NH-2]
NH • D
Sponsored 2/24/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov