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.
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2987 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 2987
To amend the Small Business Act to require a limit on the number of
small business lending companies, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 24, 2025
Mr. Bresnahan introduced the following bill; which was referred to the
Committee on Small Business
_______________________________________________________________________
A BILL
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'' or the ``CEASE Act''.
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.''.
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Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.
Reported (Amended) by the Committee on Small Business. H. Rept. 119-107.
Reported (Amended) by the Committee on Small Business. H. Rept. 119-107.
Placed on the Union Calendar, Calendar No. 79.
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.
Rule H. Res. 458 passed House.
Considered under the provisions of rule H. Res. 458. (consideration: CR H2489-2491)
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.
DEBATE - The House proceeded with one hour of debate on H.R. 2987.
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The previous question was ordered pursuant to the rule.
Ms. Velazquez moved to recommit to the Committee on Small Business. (text: CR H2491)
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
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.
Considered as unfinished business. (consideration: CR H2493-2494)
On motion to recommit Failed by the Yeas and Nays: 201 - 212 (Roll no. 154).
Roll Call #154 (House)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)
Roll Call #155 (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)
Roll Call #155 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.