HR 2987
CEASE Act of 2025
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.
Bill status
- Status
- Passed House
- Sponsor
- Rep. Robert Bresnahan [R-PA-8]
- Cosponsors
- 0
- Policy area
- Commerce
- Introduced
- 2025-04-24
- Latest action
- 2025-06-09: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee referrals
- Small Business and Entrepreneurship Committee: Senate · Referred To · 2025-06-09
- Small Business Committee: House · Unknown · 2025-06-05
- Small Business Committee: House · Unknown · 2025-06-05
- Small Business Committee: House · Reported By · 2025-05-21
- Small Business Committee: House · Markup By · 2025-04-30
Recent actions
- 2025-06-09: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 2025-06-05: Motion to reconsider laid on the table Agreed to without objection.
- 2025-06-05: On passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)
- 2025-06-05: 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)
- 2025-06-05: On motion to recommit Failed by the Yeas and Nays: 201 - 212 (Roll no. 154).