CEASE Act of 2025
USA119th CongressHR-2987| House
| Updated: 6/9/2025
Robert P. Bresnahan
Republican Representative
Pennsylvania
Small Business Committee, Small Business and Entrepreneurship Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill, titled the CEASE Act of 2025, proposes a significant amendment to the Small Business Act, specifically concerning the authorization of small business lending companies. Its core provision mandates that the Administrator of the Small Business Administration must limit the total number of these entities. The legislation specifies that no more than 16 small business lending companies that are not nonprofit entities can be authorized to make loans under Section 7 of the Act at any given time. This measure aims to cap the number of certain types of lenders participating in federal small business loan programs, thereby regulating the landscape of small business financing.
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Timeline
Introduced in House
Referred to the House Committee on Small Business.
Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.
Committee Consideration and Mark-up Session Held
Ordered to be Reported in the Nature of a Substitute by Voice Vote.
Placed on the Union Calendar, Calendar No. 79.
Reported (Amended) by the Committee on Small Business. H. Rept. 119-107.
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.
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).
View VoteOn passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)
View VoteMotion 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.
Commerce
Administrative remediesGovernment lending and loan guaranteesLicensing and registrationsSmall businessSmall Business Administration
CEASE Act of 2025
USA119th CongressHR-2987| House
| Updated: 6/9/2025
This bill, titled the CEASE Act of 2025, proposes a significant amendment to the Small Business Act, specifically concerning the authorization of small business lending companies. Its core provision mandates that the Administrator of the Small Business Administration must limit the total number of these entities. The legislation specifies that no more than 16 small business lending companies that are not nonprofit entities can be authorized to make loans under Section 7 of the Act at any given time. This measure aims to cap the number of certain types of lenders participating in federal small business loan programs, thereby regulating the landscape of small business financing.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Small Business.
Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.
Committee Consideration and Mark-up Session Held
Ordered to be Reported in the Nature of a Substitute by Voice Vote.
Placed on the Union Calendar, Calendar No. 79.
Reported (Amended) by the Committee on Small Business. H. Rept. 119-107.
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.
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).
View VoteOn passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)
View VoteMotion 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.
Robert P. Bresnahan
Republican Representative
Pennsylvania
Small Business Committee, Small Business and Entrepreneurship Committee
Commerce
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative remediesGovernment lending and loan guaranteesLicensing and registrationsSmall businessSmall Business Administration