HR 2987 · CEASE Act of 2025
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Introduced
- Apr 24, 2025
- Latest action
- Jun 9, 2025
- Sponsor
- Rep. Robert Bresnahan [R-PA-8]
- Policy area
- Commerce
- Cosponsors
- 0
Summary
Capping Excessive Awarding of SBLC Entrants Act or the CEASE Act This bill limits the number of for-profit small business lending companies that are authorized make 7(a) loans to not more than 16 at any time.
Recent actions
- Jun 9, 2025 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Jun 5, 2025 Motion to reconsider laid on the table Agreed to without objection.
- Jun 5, 2025 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, 2025 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, 2025 On motion to recommit Failed by the Yeas and Nays: 201 - 212 (Roll no. 154).
- Jun 5, 2025 Considered as unfinished business. (consideration: CR H2493-2494)
- Jun 5, 2025 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, 2025 The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Votes
- On Passage Passed · Jun 5, 2025, 9:01 PM
- On Motion to Recommit Failed · Jun 5, 2025, 8:55 PM