The U.S. House of Representatives considers H.R.828, the Successful Entrepreneurship for Reservists and Veterans Act, on February 26, 2025.
The bipartisan bill, also known as the SERV Act, aims to help veteran small business owners. It is led by Rep. Sharice Davids (D-Kansas), a citizen of the Ho-Chunk Nation and the only Native woman serving in the U.S. Congress.
"Veterans have the skills and dedication to build successful small businesses, but they need better support when transitioning from service to entrepreneurship," said Davids. "As the daughter of a veteran, I’ve seen firsthand the commitment and resilience they bring to everything they do. I'm proud to work across party lines to ensure veterans can access the resources they deserve and overcome the challenges that stand in their way."
According to Davids, the SERV Act:
* Commissions a Government Accountability Office (GAO) report on the ability of veteran and reservist small business owners to access credit. This includes a new analysis on common sources of credit and how deployment and other military responsibilities affect veterans' and reservists' credit.
* Requires the U.S. Small Business Administration’s Interagency Task Force on Veterans Small Business Development to develop an action plan for outreach and promotion of the many programs available to veterans looking to transition into the business world.
* Requires the task force to report annually to Congress on its appointments and outline its plan for outreach on the many programs available to veterans, service-disabled veterans, reservists, and their spouses.
The House passed the bill under a suspension of the rules. The procedure is typically used for bills with widespread support.