H.R. 2987House119th Congress (2025-2027)Passed House

CEASE Act of 2025

Introduced April 24, 2025

AI-Generated Summary

Updated November 24, 2025 at 12:59 AM UTC

The CEASE Act of 2025 amends the Small Business Act to place a hard limit on how many non‑nonprofit (for‑profit) small business lending companies can be authorized to provide loans under the Act. The change is intended to restrict the number of such lenders to no more than sixteen, affecting the SBA’s administration of loan programs and the lenders that participate in them.

Key Provisions

  • Adds a new subsection to the Small Business Act that caps the number of for‑profit small business lending companies authorized to make loans under the Act at 16 at any given time.

Legislative Activity

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20 earlier actions
SenateIntro Referral Latest Action

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

June 9, 2025

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HouseIntro Referral

Introduced in House

April 24, 2025

HouseIntro Referral

Referred to the House Committee on Small Business.

April 24, 2025

HouseCommittee

Committee Consideration and Mark-up Session Held

April 30, 2025

HouseCommittee

Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.

April 30, 2025

HouseCommittee

Reported (Amended) by the Committee on Small Business. H. Rept. 119-107.

May 21, 2025

HouseCalendars

Placed on the Union Calendar, Calendar No. 79.

May 21, 2025

HouseFloor

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.

June 3, 2025 • 7:20 PM

HouseFloor

Rule H. Res. 458 passed House.

June 4, 2025 • 2:03 PM

HouseFloor

Considered under the provisions of rule H. Res. 458. (consideration: CR H2489-2491)

June 5, 2025 • 12:50 PM

HouseFloor

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.

June 5, 2025 • 12:50 PM

HouseFloor

DEBATE - The House proceeded with one hour of debate on H.R. 2987.

June 5, 2025 • 12:52 PM

HouseFloor

The previous question was ordered pursuant to the rule.

June 5, 2025 • 1:13 PM

HouseFloor

Ms. Velazquez moved to recommit to the Committee on Small Business. (text: CR H2491)

June 5, 2025 • 1:13 PM

HouseFloor

The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.

June 5, 2025 • 1:13 PM

HouseFloor

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.

June 5, 2025 • 1:14 PM

HouseFloor

Considered as unfinished business. (consideration: CR H2493-2494)

June 5, 2025 • 4:50 PM

HouseFloor

On motion to recommit Failed by the Yeas and Nays: 201 - 212 (Roll no. 154).

June 5, 2025 • 4:57 PM

HouseFloor

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)

June 5, 2025 • 5:03 PM

HouseFloor

On passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)

June 5, 2025 • 5:03 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

June 5, 2025 • 5:03 PM

SenateIntro Referral

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

June 9, 2025

Amendments

1 amendment

Offered to this bill

Floor Debate

18 members

What members said about H.R. 2987 on the floor

6 Republicans12 Democrats
James P. McGovern
Rep. James P. McGovernD-MA-2 · Jun 4, 2025

Mr. Speaker, I thank the gentlewoman from Minnesota for yielding me the customary 30 minutes, and I yield myself such time as I may consume. Mr. Speaker, last time Members were here, House…

Michelle Fischbach
Rep. Michelle FischbachR-MN-7 · Jun 4, 2025

Mr. Speaker, by direction of the Committee on Rules, I call up House Resolution 458 and ask for its immediate consideration. Mr. Speaker, for the purpose of debate only, I yield the customary 30…

Nydia M. Velázquez
Rep. Nydia M. VelázquezD-NY-7 · Jun 5, 2025

Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in strong opposition to H.R. 2987, the so- called Capping Excessive Awarding of SBLC Entrants Act, or the CEASE Act.…

Kelly Morrison
Rep. Kelly MorrisonD-MN-3 · Jun 5, 2025

Mr. Speaker, I rise today to discuss H.R. 2987, the CEASE Act, which would place a statutory moratorium on the number of Small Business Lending Company licenses that can be issued by the U.S. Small…

Judy Chu
Rep. Judy ChuD-CA-28 · Jun 5, 2025

Mr. Speaker, I rise in strong opposition to H.R. 2987, the CEASE Act, because it has the potential to harm our Nation's most underserved small businesses. This bill would cap the number of Small…

Show 8 more
Emilia Strong Sykes
Rep. Emilia Strong SykesD-OH-13 · Jun 4, 2025

Mr. Speaker, today, I rise to talk about an issue that touches every community in this country, mental health. More than one in five adults in the United States lives with a mental illness. These are…

Robert P. Bresnahan, Jr.
Rep. Robert P. Bresnahan, Jr.R-PA-8 · Jun 5, 2025

Mr. Speaker, my bill, the Capping Excessive Awarding of SBLC Entrants Act, or the CEASE Act, restores a vital piece of integrity to the flagship SBA 7(a) loan program. The Small Business…

Johnny Olszewski, Jr.
Rep. Johnny Olszewski, Jr.D-MD-2 · Jun 4, 2025

Mr. Speaker, I thank my friend and colleague from Massachusetts for the time and for offering this bill, which is simple. It would block any budget reconciliation language in the House or Senate that…

Roger Williams
Rep. Roger WilliamsR-TX-25 · Jun 5, 2025

Mr. Speaker, pursuant to House Resolution 458, I call up the bill (H.R. 2987) to amend the Small Business Act to require a limit on the number of small business lending companies, and for other…

Brad Finstad
Rep. Brad FinstadR-MN-1 · Jun 4, 2025

Mr. Speaker, I thank my good friend and colleague from Minnesota for yielding. Mr. Speaker, I rise today in support of this rule and the underlying bill, H.R. 2931, the Save SBA from Sanctuary Cities…

Sydney Kamlager-Dove
Rep. Sydney Kamlager-DoveD-CA-37 · Jun 4, 2025

Mr. Speaker, I thank my colleague from Massachusetts for yielding to me. I rise in strong opposition to this rule and to the divisive, destructive bills that it brings to the floor, especially H.R.…

Melanie A. Stansbury
Rep. Melanie A. StansburyD-NM-1 · Jun 4, 2025

Mr. Speaker, I find it laughable that for the last several decades, the GOP has branded themselves as the party of fiscal responsibility and economic development when they are trying to pass a bill…

Pete Stauber
Rep. Pete StauberR-MN-8 · Jun 4, 2025

Mr. Speaker, this is an important topic. As a former police officer in Duluth, Minnesota, one of the worst calls an officer can get is an overdose. When they go there, the individual is deceased.…

Show 7 more
Mike Thompson
Rep. Mike ThompsonD-CA-4 · Jun 4, 2025

Mr. Speaker, today I did not vote on Roll Call Nos. 148 and 149, as I was meeting with constituents. Had I been present, I would have voted NO on Roll Call No. 148, Ordering the previous question of…

Jimmy Gomez
Rep. Jimmy GomezD-CA-34 · Jun 5, 2025

Madam Speaker, I was not recorded on Roll Call Nos. 152, 153, 154 and 155 today. Had I been present, I would have voted YEA on Roll Call No. 152, NAY on Roll Call No. 153, YEA on Roll Call No. 154,…

Al Green
Rep. Al GreenD-TX-9 · Jun 5, 2025

Madam Speaker, I was unable to attend the last three votes of the vote series today. Had I been present, I would have voted: NAY on Roll Call No. 153, YEA on Roll Call No. 154, and NAY on Roll Call…

Jake Auchincloss
Rep. Jake AuchinclossD-MA-4 · Jun 5, 2025

Madam Speaker, I was necessarily absent from votes today. Had I been present, I would have voted YEA on Roll Call No. 152, NAY on Roll Call No. 153, YEA on Roll Call No. 154, and NAY on Roll Call No.…

Maria Elvira Salazar
Rep. Maria Elvira SalazarR-FL-27 · Jun 5, 2025

Madam Speaker, had I been present, I would have voted YEA on Roll Call No. 155. personal explanation

Nydia M. Velázquez
Rep. Nydia M. VelázquezD-NY-7 · Jun 5, 2025

Madam Speaker, on that I demand the yeas and nays.

James P. McGovern
Rep. James P. McGovernD-MA-2 · Jun 4, 2025

Mr. Speaker, I demand a recorded vote.

Bill Text

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Referred in SenateIssued June 9, 2025

IIB

119th CONGRESS

1st Session

H. R. 2987

IN THE SENATE OF THE UNITED STATES

June 9, 2025

Received; read twice and referred to the Committee on Small Business and Entrepreneurship

AN ACT

To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.

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.

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.

Kevin F. McCumber,

Clerk.