CEASE Act of 2025

Bill: 119-hr-2987
Sponsor: full_name: Rep. Bresnahan, Robert [R-PA-8]
Introduced: 2025-04-24
Policy area: Commerce
Subjects: Administrative remedies

Government lending and loan guarantees

Licensing and registrations

Small Business Administration

Small business
Latest action: action_date: 2025-06-09
text: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:
action_date: 2025-04-24
action_desc: Introduced in House
text: <p><strong>Capping Excessive Awarding of SBLC Entrants Act or the CEASE Act</strong></p><p>This bill limits the number of for-profit small business lending companies that&nbsp;are authorized make 7(a) loans&nbsp;to not more than 16 at any time.</p>

tv_txt: IIB 119th CONGRESS 1st Session H. R. 2987 IN THE SENATE OF THE UNITED STATES June 9, 2025 Received; read twice and referred to the Committee on Small Business and Entrepreneurship AN ACT To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.

1. Short title This Act may be cited as the Capping Excessive Awarding of SBLC Entrants Act of 2025 or the CEASE Act of 2025 . 2. Limitation on number of small business lending companies Section 23 of the Small Business Act ( 15 U.S.C. 650 ) is amended by adding at the end the following: (k) Limitation on number of small business lending companies The Administrator shall ensure that not more than 16 small business lending companies that are not nonprofit entities are authorized to make loans under section 7 at any time. .

Passed the House of Representatives June 5, 2025. Kevin F. McCumber, Clerk.

tv_txt: IB 119th CONGRESS 1st Session H. R. 2987 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.

1. Short title This Act may be cited as the Capping Excessive Awarding of SBLC Entrants Act of 2025 or the CEASE Act of 2025 . 2. Limitation on number of small business lending companies Section 23 of the Small Business Act ( 15 U.S.C. 650 ) is amended by adding at the end the following: (k) Limitation on number of small business lending companies The Administrator shall ensure that not more than 16 small business lending companies that are not nonprofit entities are authorized to make loans under section 7 at any time. .

Passed the House of Representatives June 5, 2025. Kevin F. McCumber, Clerk.

tv_txt: IB Union Calendar No. 79 119th CONGRESS 1st Session H. R. 2987 [Report No. 119–107] IN THE HOUSE OF REPRESENTATIVES April 24, 2025 Mr. Bresnahan introduced the following bill; which was referred to the Committee on Small Business May 21, 2025 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on April 24, 2025 A BILL To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.

1. Short title This Act may be cited as the Capping Excessive Awarding of SBLC Entrants Act of 2025 or the CEASE Act of 2025 . 2. Limitation on number of small business lending companies Section 23 of the Small Business Act ( 15 U.S.C. 650 ) is amended by adding at the end the following: (k) Limitation on number of small business lending companies The Administrator shall ensure that not more than 16 small business lending companies that are not nonprofit entities are authorized to make loans under section 7 at any time. .

May 21, 2025 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

tv_txt: I 119th CONGRESS 1st Session H. R. 2987 IN THE HOUSE OF REPRESENTATIVES April 24, 2025 Mr. Bresnahan introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.

1. Short title This Act may be cited as the Capping Excessive Awarding of SBLC Entrants Act or the CEASE Act . 2. Limitation on number of small business lending companies Section 23 of the Small Business Act ( 15 U.S.C. 650 ) is amended by adding at the end the following: (k) Limitation on number of small business lending companies The Administrator shall ensure that not more than 16 small business lending companies that are not nonprofit entities are authorized to make loans under section 7 at any time. .