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HR2987FEDERALSession 119Federal Billpassed chamber

Passed

CEASE Act of 2025

Last action · June 9, 2025: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.Sponsor: Robert Bresnahan

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Would Do

The CEASE Act proposes a federal limit on the number of for-profit small business lending companies (SBLCs) authorized to issue loans under the Small Business Act. If passed, the Small Business Administration (SBA) would be restricted to authorizing no more than 16 for-profit lenders at any given time.

Why it matters

This bill would cap the total number of for-profit entities permitted to participate in federal small business lending programs, potentially limiting the number of available lenders for small business owners seeking government-backed loans.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Small business lending companies

For-profit lenders are subject to a new federal cap on the total number of authorized participants in the program.

Directly affected

Small business owners

Business owners seeking government-backed loans may have a restricted pool of for-profit lenders available to them.

Directly affected

Small Business Administration

Key Facts

The bill establishes a hard cap of 16 for-profit small business lending companies (SBLCs) authorized to make loans under section 7 of the Small Business Act.
The limitation applies specifically to for-profit entities, excluding nonprofit organizations from the 16-company cap.
The Administrator of the Small Business Administration is tasked with enforcing this limit.
The bill amends Section 23 of the Small Business Act (15 U.S.C. 650).

Show all 5 facts

The bill is formally titled the 'Capping Excessive Awarding of SBLC Entrants Act' or the 'CEASE Act'.

Frequently Asked Questions

Does this bill affect nonprofit lenders?

No, the proposed limit of 16 companies applies only to for-profit small business lending companies.

Who is responsible for enforcing this limit?

The Administrator of the Small Business Administration is required to ensure the number of authorized for-profit lenders does not exceed 16.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

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Where This Stands

Currently passed chamber. The next step in the legislative lifecycle is Law.

Procedural history

21 actions

Jun 9, 2025SenateCommittee
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jun 5, 2025House
Motion to reconsider laid on the table Agreed to without objection.
Jun 5, 2025HouseFloor
On passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)
Jun 5, 2025HouseFloor
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)
Jun 5, 2025House
On motion to recommit Failed by the Yeas and Nays: 201 - 212 (Roll no. 154).
Jun 5, 2025House
Considered as unfinished business. (consideration: CR H2493-2494)

Show 15 earlier actions

Jun 5, 2025House
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 2987, the Chair put the question on motion to recommit and by voice vote, announced that the noes had prevailed. Ms. Velazquez demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Jun 5, 2025House
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Jun 5, 2025House
Ms. Velazquez moved to recommit to the Committee on Small Business. (text: CR H2491)
Jun 5, 2025House
The previous question was ordered pursuant to the rule.
Jun 5, 2025House
DEBATE - The House proceeded with one hour of debate on H.R. 2987.
Jun 5, 2025House
Rule provides for consideration of H.R. 2483, H.R. 2931, H.R. 2966 and H.R. 2987. The resolution provides for consideration of H.R. 2483 under a structured rule and for consideration of H.R. 2931, H.R. 2966, and H.R. 2987 under a closed rule. The resolution provides for one hour of debate and one motion to recommit on each bill.
Jun 5, 2025House
Considered under the provisions of rule H. Res. 458. (consideration: CR H2489-2491)
Jun 4, 2025House
Rule H. Res. 458 passed House.
Jun 3, 2025House
Rules Committee Resolution H. Res. 458 Reported to House. Rule provides for consideration of H.R. 2483, H.R. 2931, H.R. 2966 and H.R. 2987. The resolution provides for consideration of H.R. 2483 under a structured rule and for consideration of H.R. 2931, H.R. 2966, and H.R. 2987 under a closed rule. The resolution provides for one hour of debate and one motion to recommit on each bill.
May 21, 2025House
Placed on the Union Calendar, Calendar No. 79.
May 21, 2025House
Reported (Amended) by the Committee on Small Business. H. Rept. 119-107.
Apr 30, 2025HouseCommittee
Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.
Apr 30, 2025House
Committee Consideration and Mark-up Session Held
Apr 24, 2025HouseCommittee
Referred to the House Committee on Small Business.
Apr 24, 2025HouseIntroduced
Introduced in House

Version history

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What This Bill Would Do

Who It Would Affect

Key Facts

Frequently Asked Questions

News Coverage

Where This Stands

Procedural history

Version history

Voting Record

Full breakdown

Sponsors

Discoveries

Regulatory tightening of lending participants

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