[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4480 Referred in Senate (RFS)]

<DOC>
118th CONGRESS
  1st Session
                                H. R. 4480


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 29, 2023

 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 November 28, 2023.

            Attest:

                                             KEVIN F. MCCUMBER,

                                                                 Clerk.