I 

116TH CONGRESS 

1ST SESSION H. R. 3734 

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. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 12, 2019 

Ms. DAVIDS of Kansas (for herself and Mr. CHABOT) introduced the following 

bill; which was referred to the Committee on Small Business 

A BILL 

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. 

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’’. 


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1 SEC. 2. REPORTING REQUIREMENT FOR VETERANS INTER2 AGENCY TASK FORCE. 

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

4 657b(c)) is amended by adding at the end the following: 

5 ‘‘(4) REPORT.—Along with the budget justifica6 tion documents for the Small Business Administra7 tion submitted to Congress in connection with the 

8 budget for a fiscal year submitted under 1105 of 

9 title 31, United States Code, the Administrator shall 

10 submit a report— 

11 ‘‘(A) discussing the appointments made to 

12 and activities of the task force; and 

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

14 outreach and promotion of the programs and 

15 services for veterans, including Veteran Busi16 ness Outreach Centers, Boots to Business, 

17 Boots to Business Reboot, Service-Disabled En18 trepreneurship Development Training Program, 

19 Veteran Institute for Procurement, Women Vet20 eran Entrepreneurship Training Program, and 

21 Veteran Women Igniting the Spirit of Entrepre22 neurship.’’. 

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

24 (a) REPORT ON ACCESS TO CREDIT.— 

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

26 the date of the enactment of this Act, the CompVerDate Sep 11 2014 05:07 Jul 26, 2019 Jkt 034408 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H3734.IH H3734

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1 troller General of the United States shall submit a 

2 report on the ability of small business concerns 

3 owned and controlled by covered individuals to ac4 cess credit to— 

5 (A) the Committee on Veterans’ Affairs 

6 and the Committee on Small Business and En7 trepreneurship of the Senate; and 

8 (B) the Committee on Veterans’ Affairs 

9 and the Committee on Small Business of the 

10 House of Representatives. 

11 (2) CONTENTS.—The report submitted under 

12 paragraph (1) shall include an analysis of— 

13 (A) the sources of credit used by small 

14 business concerns owned and controlled by cov15 ered individuals and the average percentage of 

16 the credit obtained from each source by such 

17 concerns; 

18 (B) the default rate for small business con19 cerns owned and controlled by covered individ20 uals, disaggregated by each source of credit de21 scribed in subparagraph (A), as compared to 

22 the default rate for the source of credit for 

23 small business concerns generally; 


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1 (C) the Federal lending programs available 

2 to provide credit to small business concerns 

3 owned and controlled by covered individuals; 

4 (D) gaps, if any, in the availability of cred5 it for small business concerns owned and con6 trolled by covered individuals that are not being 

7 filled by the Federal Government or private 

8 sources; 

9 (E) obstacles faced by covered individuals 

10 in trying to access credit; 

11 (F) the extent to which deployment and 

12 other military responsibilities affect the credit 

13 history of veterans and Reservists; and 

14 (G) the extent to which covered individuals 

15 are aware of Federal programs targeted to16 wards helping covered individuals access credit. 

17 (b) DEFINITIONS.—In this Act: 

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

19 individual’’ means— 

20 (A) a veteran; 

21 (B) a service-disabled veteran; 

22 (C) a Reservist; 

23 (D) the spouse of an individual described 

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


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

2 Forces. 

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

4 a member of a reserve component of the Armed 

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

6 United States Code. 

7 (3) SMALL BUSINESS ACT DEFINITIONS.—The 

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

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

10 those terms, respectively, under section 3 of the 

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

Æ 


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