H.R. 2987, Capping Excessive Awarding of SBLC Entrants Act (CEASE Act)
Summary
H.R. 2987, the Capping Excessive Awarding of SBLC Entrants Act or CEASE Act, was introduced in the House of Representatives by Mr. Bresnahan on April 24, 2025 and referred to the Committee on Small Business. It would amend section 23 of the Small Business Act (15 U.S.C. 650) to limit the number of small business lending companies. The Administrator would have to ensure that not more than 16 small business lending companies that are not nonprofit entities are authorized to make section 7 loans at any time.
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- Issuer
- Congressional materials
- Document type
- 407200 2025 04 29 Icymi House Committee On Small Business To Hold Fu Att2
- Date
- 2025-04-29
- Case
- 407200 2025 04 29 Icymi House Committee On Small Business To Hold Fu Att2
Cite this document
“H.R. 2987, Capping Excessive Awarding of SBLC Entrants Act (CEASE Act).”
Dated 2025-04-29. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2025-04-29-407200-2025-04-29-icymi-house-committee-on-small-business-to-hold-fu-att2/
, SHA-256 cad593b7c50722d7a8e38dc4231a8555023e268fe7f52497c010e07894836de6.Full text
I
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.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Capping Excessive
5 Awarding of SBLC Entrants Act’’ or the ‘‘CEASE Act’’.
6 SEC. 2. LIMITATION ON NUMBER OF SMALL BUSINESS
7 LENDING COMPANIES.
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8 Section 23 of the Small Business Act (15 U.S.C. 650)
9 is amended by adding at the end the following:
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2
1 ‘‘(k) LIMITATION ON NUMBER OF SMALL BUSINESS
2 LENDING COMPANIES.—The Administrator shall ensure
3 that not more than 16 small business lending companies
4 that are not nonprofit entities are authorized to make
5 loans under section 7 at any time.’’.
Æ
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•HR 2987 IH
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- SHA-256
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- Original
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