H.R. 2987
IntroducedCEASE Act of 2025
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Full text of the bill
Official source on Congress.gov ↗[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2987 Referred in Senate (RFS)]
<DOC> 119th CONGRESS 1st Session H. R. 2987
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IN THE SENATE OF THE UNITED STATES
June 9, 2025
Received; read twice and referred to the Committee on Small Business and Entrepreneurship
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AN ACT
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 of 2025'' or the ``CEASE Act of 2025''.
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.''.
Passed the House of Representatives June 5, 2025.
Attest:
KEVIN F. MCCUMBER,
Clerk.