IIB 

116TH CONGRESS 

1ST SESSION H. R. 3734 

IN THE SENATE OF THE UNITED STATES 

NOVEMBER 14, 2019 

Received; read twice and referred to the Committee on Small Business and 

Entrepreneurship 

AN ACT 

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, to require 

the Administrator of the Small Business Administration 

to report on the veterans interagency task force, and 

for other purposes. 


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HR 3734 RFS

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Successful Entrepre5 neurship for Reservists and Veterans Act’’ or the ‘‘SERV 

6 Act’’. 

7 SEC. 2. REPORTING REQUIREMENT FOR VETERANS INTER8 AGENCY TASK FORCE. 

9 Section 32(c) of the Small Business Act (15 U.S.C. 

10 657b(c)) is amended by adding at the end the following: 

11 ‘‘(4) REPORT.—Along with the budget justifica12 tion documents for the Small Business Administra13 tion submitted to Congress in connection with the 

14 budget for a fiscal year submitted under 1105 of 

15 title 31, United States Code, the Administrator shall 

16 submit a report— 

17 ‘‘(A) discussing the appointments made to 

18 and activities of the task force; and 

19 ‘‘(B) identifying and outlining a plan for 

20 outreach and promotion of the programs and 

21 services for veterans, including Veteran Busi22 ness Outreach Centers, Boots to Business, 

23 Boots to Business Reboot, Service-Disabled En24 trepreneurship Development Training Program, 

25 Veteran Institute for Procurement, Women VetVerDate Sep 11 2014 21:02 Nov 14, 2019 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H3734.RFS H3734

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1 eran Entrepreneurship Training Program, and 

2 Veteran Women Igniting the Spirit of Entrepre3 neurship.’’. 

4 SEC. 3. GAO REPORT ON ACCESS TO CREDIT. 

5 (a) REPORT ON ACCESS TO CREDIT.— 

6 (1) IN GENERAL.—Not later than 1 year after 

7 the date of the enactment of this Act, the Comp8 troller General of the United States shall submit a 

9 report on the ability of small business concerns 

10 owned and controlled by covered individuals to ac11 cess credit to— 

12 (A) the Committee on Veterans’ Affairs 

13 and the Committee on Small Business and En14 trepreneurship of the Senate; and 

15 (B) the Committee on Veterans’ Affairs 

16 and the Committee on Small Business of the 

17 House of Representatives. 

18 (2) CONTENTS.—The report submitted under 

19 paragraph (1) shall include, to the extent prac20 ticable, an analysis of— 

21 (A) the sources of credit used by small 

22 business concerns owned and controlled by cov23 ered individuals and the average percentage of 

24 the credit obtained from each source by such 

25 concerns; 


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1 (B) the default rate for small business con2 cerns owned and controlled by covered individ3 uals, disaggregated by each source of credit de4 scribed in subparagraph (A), as compared to 

5 the default rate for the source of credit for 

6 small business concerns generally; 

7 (C) the Federal lending programs available 

8 to provide credit to small business concerns 

9 owned and controlled by covered individuals; 

10 (D) gaps, if any, in the availability of cred11 it for small business concerns owned and con12 trolled by covered individuals that are not being 

13 filled by the Federal Government or private 

14 sources; 

15 (E) obstacles faced by covered individuals 

16 in trying to access credit; 

17 (F) the extent to which deployment and 

18 other military responsibilities affect the credit 

19 history of veterans and Reservists; and 

20 (G) the extent to which covered individuals 

21 are aware of Federal programs targeted to22 wards helping covered individuals access credit. 

23 (b) DEFINITIONS.—In this Act: 

24 (1) COVERED INDIVIDUAL.—The term ‘‘covered 

25 individual’’ means— 


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1 (A) a veteran; 

2 (B) a service-disabled veteran; 

3 (C) a Reservist; 

4 (D) the spouse of an individual described 

5 in subparagraph (A), (B), or (C); or 

6 (E) the spouse of a member of the Armed 

7 Forces. 

8 (2) RESERVIST.—The term ‘‘Reservist’’ means 

9 a member of a reserve component of the Armed 

10 Forces, as described in section 10101 of title 10, 

11 United States Code. 

12 (3) SMALL BUSINESS ACT DEFINITIONS.—The 

13 terms ‘‘service-disabled veteran’’, ‘‘small business 

14 concern’’, and ‘‘veteran’’ have the meanings given 

15 those terms, respectively, under section 3 of the 

16 Small Business Act (15 U.S.C. 632). 

Passed the House of Representatives November 13, 

2019. 

Attest: CHERYL L. JOHNSON, 

Clerk. 


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