Plain Language Summary
# SERV Act Summary The **SERV Act** (Successful Entrepreneurship for Reservists and Veterans Act) requires two federal agencies to study and report on support available to military veterans and reservists who want to start or run small businesses. Specifically, the Small Business Administration must report on how well the government's veterans task force is working, while the Government Accountability Office must investigate whether veterans, reservists, and their spouses have adequate access to credit and financing for their businesses. This bill affects military veterans, National Guard and Reserve members, and their spouses who own or want to own small businesses. It also impacts the federal agencies tasked with supporting veteran entrepreneurs.
The bill is purely investigative—it doesn't create new programs or funding, but rather directs agencies to examine existing systems and report back to Congress on potential gaps or barriers. As of now, the bill has **passed the House** and awaits further action in the Senate.
CRS Official Summary
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.
Latest Action
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.