HR 2987
CEASE Act of 2025
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill 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.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.
119th CONGRESS — 1st Session
H. R. 2987
IN THE HOUSE OF REPRESENTATIVES
A BILL
To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.
This Act may be cited as the Capping Excessive Awarding of SBLC Entrants Act CEASE Act
or the
.
Section 23 of the Small Business Act (15 U.S.C. 650) is amended by adding at the end the following: