The SERV Act is a relatively straightforward bill designed to help veterans and military reservists who want to start or run their own businesses. It does two main things: First, it requires the Small Business Administration to look at how well a government task force focused on veterans' business needs is actually working and report back on its progress. Second, it asks the Government Accountability Office (a watchdog agency) to investigate whether veterans, reservists, and their spouses who want to start businesses can actually get loans and credit easily, or if there are barriers getting in their way. Essentially, this bill is about gathering information on whether the government is doing enough to support military-connected entrepreneurs and whether they have fair access to the money they need to launch or grow their businesses. The findings from these reports could then be used to improve programs and policies that help this group succeed in starting their own companies.

SERV Act

Davids, Sharice

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.