SERV Act

The SERV Act requires the Small Business Administration (SBA) to annually report on its outreach efforts for veteran entrepreneurs, including programs like Veteran Business Outreach Centers and Boots to Business. It also mandates a Government Accountability Office (GAO) report analyzing credit access barriers for veteran-owned small businesses, covering credit sources, default rates, program gaps, and how military service affects credit history. The bill directly affects veterans, service-disabled veterans, Reservists, and their spouses who own or seek to start businesses. These reporting requirements aim to improve understanding of support needs without creating new funding or programs.