What This Bill Does · Plain English
Summary · Congress.gov
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.
Vote Breakdown · How Congress voted on HR.2987
House
415-410
PASSED
Independents
415 yea
410 nay
⚠️ 12 members broke with party on this vote
Action Timeline
2025-06-09
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
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
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
Considered under the provisions of rule H. Res. 458. (consideration: CR H2489-2491)
2025-06-05
On motion to recommit Failed by the Yeas and Nays: 201 - 212 (Roll no. 154).
2025-06-05
Considered as unfinished business. (consideration: CR H2493-2494)
2025-06-05
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 fu
2025-06-05
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
2025-06-05
Ms. Velazquez moved to recommit to the Committee on Small Business. (text: CR H2491)
Frequently Asked Questions
Did HR.2987 pass?
HR.2987 is still alive. Current stage: PASSED_ONE. Pass likelihood: pending.
What does HR.2987 do?
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.
Who sponsored HR.2987?
HR.2987 was sponsored by Robert P. Bresnahan (R-Pennsylvania).
Who voted against HR.2987?
12 members broke with their party on this vote.
Full Bill Text
119 HR 2987 EH: Capping Excessive Awarding of SBLC Entrants Act of 2025 U.S. House of Representatives text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. 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.
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