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Improves Access to Business Loans for Veterans
Recent Bills/Improves Access to Business Loans for Veterans

Improves Access to Business Loans for Veterans

IntroducedJanuary 28, 2025
Passed House1 year ago
Intro
House
Senate
Pres
Sitting in the Senate Small Business and Entrepreneurship Committee.
Most bills stop at this point and never get a vote.
CommerceCongressional oversightCredit and credit marketsGovernment studies and investigationsSmall businessVeterans' education, employment, rehabilitation
More:Bills That Passed the HouseEconomyHouse Bills
Why This Matters

This bill improves access to credit for small businesses owned by veterans and Reservists by requiring detailed reports on their loan experiences and support programs.

If you are a veteran or Reservist seeking a business loan, this bill will help identify and address obstacles to credit access within one year.
Who this affects
veterans · service-disabled veterans · Reservists · spouses of veterans
What changes is this bill making?
  1. 1The bill requires a report on how veterans and Reservists access credit for their small businesses.
  2. 2It mandates the Small Business Administration to outline its outreach efforts to support veteran entrepreneurs.
  3. 3The report will analyze credit sources, default rates, and obstacles faced by veterans seeking loans.
  4. 4It aims to identify gaps in credit availability for small businesses owned by veterans and Reservists.
Read the detailed 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.

Read full document

Last changed 3 months ago · checked hourly

Bill Progress3 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedJan 28, 2025
Sponsors
See all 4 sponsors
HouseFeb 24, 2025
SenateCurrent

Sitting in the Senate Small Business and Entrepreneurship Committee.

Most bills stop at this point and never get a vote.

President

The President

Donald Trump
President
Awaiting Vote
Similar Bills
House Bill · HR 507
1 of 4 · Introduced
Veterans Member Business Loan Act
·Economy
Senate Bill · S 110
1 of 4 · Introduced
Veterans Member Business Loan Act
·Economy
House Bill · HR 7534
1 of 4 · Introduced
Support for Veteran-Owned Small Businesses
Contract Our Veterans Act of 2026