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CIVIC HERALD
HR 2987 · 119th Congress · HouseIn committee

CEASE Act of 2025

In plain language: This bill caps the number of for-profit, non-bank lenders authorized to issue government-guaranteed small business loans at 16. It prevents the Small Business Administration from expanding the roster of private commercial lenders—such as specialized finance and online lending firms—that can offer these federally backed loans to entrepreneurs. The restriction applies only to for-profit companies, allowing nonprofit lending organizations to continue participating without counting toward the cap.

Provisional: our plain-language summary, pending review.

Provisionalunreviewed: impact, provisions, stakeholders, summary
People affected—not determinable from the text provided; the text specifies an institutional cap of 16 lending companies rather than a population count
Fiscal magnitude—not determinable from the text provided
Reach20provisional · pending reviewrigor: heuristic llm
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Issues

What this bill touches.

Banking/financial rules+24Regulation (cross-sector)+15

The sign shows the bill's direction on each issue (+ toward, − away); the number is its magnitude. Color never encodes good or bad, and never party.

Who it affects

Who it helps · who it burdens.

Who it burdens

  • For-profit small business lending companiesLimits the number of for-profit small business lending companies authorized to make SBA Section 7 loans to a maximum of 16 at any given time, restricting additional companies from receiving authorization once the cap is reached.provisional
  • Small Business AdministrationRequires the SBA Administrator to monitor and enforce a strict cap of no more than 16 authorized for-profit small business lending companies.provisional

Dollar-level funding (FEC sector totals) is coming in a later phase.

What it does

The provisions, in plain language.

  1. Caps the number of for-profit small business lending companies authorized to make SBA-backed small business loans at a maximum of 16 at any given time.

    Sec. 2(k)provisional

How your members of Congress line up

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Timeline

How it moved.

  1. Jun 9, 2025Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  2. Jun 5, 2025Motion to reconsider laid on the table Agreed to without objection.
  3. Jun 5, 2025On passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)
  4. Jun 5, 2025Passed/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)
  5. Jun 5, 2025On motion to recommit Failed by the Yeas and Nays: 201 - 212 (Roll no. 154).
  6. Jun 4, 2025Rule H. Res. 458 passed House.
  7. Jun 3, 2025Rules 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.
  8. May 21, 2025Reported (Amended) by the Committee on Small Business. H. Rept. 119-107.
  9. May 21, 2025Reported (Amended) by the Committee on Small Business. H. Rept. 119-107.
  10. Apr 30, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.
  11. Apr 24, 2025Introduced in House
  12. Apr 24, 2025Introduced in House

The original text

Read it for yourself.

Read the original text →

Sources & provenance

Congress.govrefreshed 9 days ago

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