CEASE Act of 2025
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The CEASE Act aims to limit the number of for-profit small business lending companies that can make loans under the 7(a) program. Specifically, the bill restricts the number of companies authorized to make these loans to a maximum of 16 at any given time. This is intended to prevent a small number of companies from dominating the market for small business loans. The bill does this by amending the Small Business Act to include a new provision setting this limit.
Key provisions
- Limits the number of for-profit small business lending companies making 7(a) loans.
- Sets a maximum limit of 16 companies authorized to make 7(a) loans.
- The limit applies to companies that are not nonprofit entities.
- The amendment is made to the Small Business Act.
Who is affected
- Small business lending companies
- Small business borrowers
- The Small Business Administration (SBA)
Notable changes
- Introduces a numerical limit on the number of for-profit lenders.
- Specifically excludes nonprofit small business lending companies from the limit.
Bill text
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Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
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