HR 2987 United States House · 119th Congress

CEASE Act of 2025

The CEASE Act of 2025 would limit the number of for-profit small business lending companies authorized to make loans under the Small Business Administration's Section 7 program to a maximum of 16 at any time. This bill directly affects for-profit lenders seeking or holding SBA authorization to provide small business loans. The key provision requires the SBA Administrator to enforce this cap, replacing any existing authorization system without such a limit. The bill does not change loan terms, borrower eligibility, or the SBA's operational structure beyond this numerical restriction.

Bill status passed 3 of 5 stages cleared

Introduction

Apr 2025

Committee Review

Jun 2025

House Passage

Jun 2025

Senate Passage

President

Introduced Apr 24, 2025 Last action Jun 9, 2025

Floor votes · House Jun 5, 2025

How they voted

214–198

Passed · 20 other

Total votes 432

Jun 5, 2025

D Democratic212

3 Yea 198 Nay 11

93% Nay

I Independent1

1 Yea

100% Yea

R Republican219

210 Yea 9

95% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 9, 2025

Committee

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

upper

Jun 5, 2025

Lower · Passed

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

lower

Jun 5, 2025

Lower · Passed

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)

lower

Jun 5, 2025

Lower · Passed

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

lower

Jun 4, 2025

Lower · Passed

Rule H. Res. 458 passed House.

lower

Jun 3, 2025

Lower · Passed

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.

lower

May 21, 2025

Lower · Passed

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

lower

Apr 30, 2025

Introduced

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

lower

Apr 30, 2025

Lower · Passed

Committee Consideration and Mark-up Session Held

lower

Apr 24, 2025

Committee

Referred to the House Committee on Small Business.

lower

Apr 24, 2025

Introduced

Introduced in House

lower

1 primary · 0 co-sponsors