H.R.828 - Successful Entrepreneurship for Reservists and Veterans Act; SERV Act (119th Congress)
Summary
H.R.828, the Successful Entrepreneurship for Reservists and Veterans Act (SERV Act), aims to improve access to resources and credit for veteran-owned small businesses. It mandates reports from the Small Business Administration (SBA) on the Veterans Interagency Task Force and from the Comptroller General on credit access for small businesses owned by veterans, reservists, and their spouses. The Act seeks to identify gaps in available resources and obstacles faced by these individuals in accessing credit.
Expected Effects
The Act will likely lead to increased awareness of existing programs and services for veteran entrepreneurs. It will also provide data-driven insights into the challenges they face in securing credit. This information can be used to develop more effective policies and programs to support veteran entrepreneurship.
Potential Benefits
- Increased awareness of resources for veteran entrepreneurs.
- Improved understanding of credit access challenges faced by veterans.
- Potential for more targeted and effective support programs.
- Enhanced economic opportunities for veterans and reservists.
- Data-driven policy making based on GAO report findings.
Potential Disadvantages
- The Act itself does not authorize additional funding, potentially limiting its impact.
- The reports may identify problems without guaranteeing solutions.
- The effectiveness depends on the quality and implementation of the SBA and GAO reports.
- Potential for bureaucratic delays in report completion and dissemination.
- The benefits are indirect, relying on subsequent actions based on the reports.
Constitutional Alignment
The Act aligns with the Constitution's broad goals of promoting the general welfare, as stated in the Preamble. Congress has the power to legislate in areas concerning the military and veterans under Article I, Section 8, which grants it the power to "raise and support Armies" and "provide and maintain a Navy," and to make laws necessary and proper for executing these powers. Supporting veteran entrepreneurship can be seen as a way to support those who have served in the military.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).