HR 2987
Passed a chamber
Caps the number of for-profit small business lending companies that may be authorized to make SBA-backed loans at 16 at any one time.
Official title: CEASE Act of 2025
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
24-APR-2025
Referred
24-APR-2025
Approved by committee
30-APR-2025
Reported
21-MAY-2025
On the calendar
21-MAY-2025
Passed
05-JUN-2025
Senate
Received
09-JUN-2025
- Amends Section 23 of the Small Business Act by adding a new subsection (k).
- Requires the SBA Administrator to ensure that no more than 16 small business lending companies that are not nonprofits are authorized to make loans under Section 7 at any time.
- Applies only to for-profit lenders; nonprofit small business lending companies are not counted toward the cap.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (24-APR-2025); the text has changed since (Engrossed in House, 05-JUN-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Small Business Committee (House)
- Small Business and Entrepreneurship Committee (Senate)
Commerce
No cosponsors.