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HR 2987
Passed House Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.

CEASE Act of 2025

Introduced Apr 24, 2025

Latest action (Jun 9, 2025) Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summary

This bill amends the Small Business Act to establish a cap on small business lending companies. It requires the Small Business Administration to ensure that no more than 16 non-nonprofit small business lending companies are authorized to make loans at any time. Nonprofit lending entities are not subject to this numerical limitation.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Money behind the sponsor

Top reported contributors to Robert P. Bresnahan’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • NULL $255,976
  • INVESTMENTS LIMITED $21,106
  • STARKEY HEARING TECHNOLOGIES $13,200
  • TFP LIMITED $11,022
  • ENERGY TRANSFER PARTNERS $9,900

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Robert P. Bresnahan → · Outside spending →

Actions (21)

  1. Jun 9, 2025 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. · senate
  2. Jun 5, 2025 Motion to reconsider laid on the table Agreed to without objection. · house
  3. 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) · house
  4. 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)
  5. Jun 5, 2025 On motion to recommit Failed by the Yeas and Nays: 201 - 212 (Roll no. 154). · house
  6. Jun 5, 2025 Considered as unfinished business. (consideration: CR H2493-2494) · house
  7. 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. · house
  8. Jun 5, 2025 The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX. · house
  9. Jun 5, 2025 Ms. Velazquez moved to recommit to the Committee on Small Business. (text: CR H2491) · house
  10. Jun 5, 2025 The previous question was ordered pursuant to the rule. · house
  11. Jun 5, 2025 DEBATE - The House proceeded with one hour of debate on H.R. 2987. · house
  12. Jun 5, 2025 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. · house
  13. Jun 5, 2025 Considered under the provisions of rule H. Res. 458. (consideration: CR H2489-2491) · house
  14. Jun 4, 2025 Rule H. Res. 458 passed House. · house
  15. Jun 3, 2025 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. · house
  16. May 21, 2025 Placed on the Union Calendar, Calendar No. 79. · house
  17. May 21, 2025 Reported (Amended) by the Committee on Small Business. H. Rept. 119-107. · house
  18. Apr 30, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11. · house
  19. Apr 30, 2025 Committee Consideration and Mark-up Session Held · house
  20. Apr 24, 2025 Referred to the House Committee on Small Business. · house
  21. Apr 24, 2025 Introduced in House

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Roll-call votes (2)

How the chamber voted on this bill — the outcome, the tally by party, and every member's recorded position. A factual record.

More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

Text versions (4)

  • Referred in Senate · Jun 9, 2025
  • Engrossed in House · Jun 5, 2025
  • Reported in House · May 21, 2025
  • Introduced in House · Apr 24, 2025

Full text

AN ACT

To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 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”.

SEC. 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.

Attest:

Clerk. 119th CONGRESS

1st Session

H. R. 2987

AN ACT

To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.

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