The Successful Entrepreneurship for Reservists and Veterans Act (SERV Act) mandates reports on credit access for small businesses owned by veterans.
The SERV Act requires the Small Business Administration to report on the activities of a veterans interagency task force and credit availability for small businesses owned by veterans, reservists, and their spouses. It also mandates the Comptroller General to report on credit access for these businesses, including default rates and federal lending programs. The act defines "covered individuals" as veterans, service-disabled veterans, reservists, and their spouses. The reports aim to identify gaps, obstacles, and awareness of federal credit programs for these groups.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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