Legis Daily

SERV Act

USA119th CongressHR-828| House 
| Updated: 2/25/2025
Sharice Davids

Sharice Davids

Democratic Representative

Kansas

Cosponsors (3)
Mark Alford (Republican)Maggie Goodlander (Democratic)Herbert C. Conaway (Democratic)

Small Business Committee, Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislation, known as the SERV Act, aims to enhance support and understanding of financial access for veteran and Reservist entrepreneurs. It mandates the Small Business Administration (SBA) Administrator to submit an annual report alongside budget justifications, detailing the appointments and activities of the veterans interagency task force. This report must also outline a comprehensive plan for outreach and promotion of various SBA programs and services specifically designed for veterans, such as Veteran Business Outreach Centers and Boots to Business initiatives. Furthermore, the bill directs the Comptroller General of the United States to produce a detailed report within one year on the ability of small business concerns owned and controlled by covered individuals to access credit. Covered individuals include veterans, service-disabled veterans, Reservists, and their spouses, as well as spouses of active duty military members. This comprehensive report will analyze credit sources, default rates, existing federal lending programs, and any gaps or obstacles faced by these entrepreneurs. It will also examine how military responsibilities, such as deployment, affect the credit history of veterans and Reservists, and assess their awareness of targeted federal credit programs.

Bill Text Versions

View Text
3 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 118-4480
SERV Act
Jan 28, 2025
Introduced in House
Jan 28, 2025
Referred to the House Committee on Small Business.
Feb 24, 2025
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Feb 24, 2025
Considered under suspension of the rules. (consideration: CR H746-748)
Feb 24, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 828.
Feb 24, 2025
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H746)
Feb 24, 2025
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H746)
Feb 24, 2025
Motion to reconsider laid on the table Agreed to without objection.
Feb 25, 2025
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • Bill from Previous Congress

    HR 118-4480
    SERV Act


  • January 28, 2025
    Introduced in House


  • January 28, 2025
    Referred to the House Committee on Small Business.


  • February 24, 2025
    Mr. Williams (TX) moved to suspend the rules and pass the bill.


  • February 24, 2025
    Considered under suspension of the rules. (consideration: CR H746-748)


  • February 24, 2025
    DEBATE - The House proceeded with forty minutes of debate on H.R. 828.


  • February 24, 2025
    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H746)


  • February 24, 2025
    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H746)


  • February 24, 2025
    Motion to reconsider laid on the table Agreed to without objection.


  • February 25, 2025
    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Commerce

Congressional oversightCredit and credit marketsGovernment studies and investigationsSmall businessVeterans' education, employment, rehabilitation

SERV Act

USA119th CongressHR-828| House 
| Updated: 2/25/2025
This legislation, known as the SERV Act, aims to enhance support and understanding of financial access for veteran and Reservist entrepreneurs. It mandates the Small Business Administration (SBA) Administrator to submit an annual report alongside budget justifications, detailing the appointments and activities of the veterans interagency task force. This report must also outline a comprehensive plan for outreach and promotion of various SBA programs and services specifically designed for veterans, such as Veteran Business Outreach Centers and Boots to Business initiatives. Furthermore, the bill directs the Comptroller General of the United States to produce a detailed report within one year on the ability of small business concerns owned and controlled by covered individuals to access credit. Covered individuals include veterans, service-disabled veterans, Reservists, and their spouses, as well as spouses of active duty military members. This comprehensive report will analyze credit sources, default rates, existing federal lending programs, and any gaps or obstacles faced by these entrepreneurs. It will also examine how military responsibilities, such as deployment, affect the credit history of veterans and Reservists, and assess their awareness of targeted federal credit programs.

Bill Text Versions

View Text
3 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 118-4480
SERV Act
Jan 28, 2025
Introduced in House
Jan 28, 2025
Referred to the House Committee on Small Business.
Feb 24, 2025
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Feb 24, 2025
Considered under suspension of the rules. (consideration: CR H746-748)
Feb 24, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 828.
Feb 24, 2025
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H746)
Feb 24, 2025
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H746)
Feb 24, 2025
Motion to reconsider laid on the table Agreed to without objection.
Feb 25, 2025
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • Bill from Previous Congress

    HR 118-4480
    SERV Act


  • January 28, 2025
    Introduced in House


  • January 28, 2025
    Referred to the House Committee on Small Business.


  • February 24, 2025
    Mr. Williams (TX) moved to suspend the rules and pass the bill.


  • February 24, 2025
    Considered under suspension of the rules. (consideration: CR H746-748)


  • February 24, 2025
    DEBATE - The House proceeded with forty minutes of debate on H.R. 828.


  • February 24, 2025
    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H746)


  • February 24, 2025
    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H746)


  • February 24, 2025
    Motion to reconsider laid on the table Agreed to without objection.


  • February 25, 2025
    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sharice Davids

Sharice Davids

Democratic Representative

Kansas

Cosponsors (3)
Mark Alford (Republican)Maggie Goodlander (Democratic)Herbert C. Conaway (Democratic)

Small Business Committee, Small Business and Entrepreneurship Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Congressional oversightCredit and credit marketsGovernment studies and investigationsSmall businessVeterans' education, employment, rehabilitation