Introduced in House — H.R. 2987

119th CONGRESS

1st Session

H. R. 2987

IN THE HOUSE OF REPRESENTATIVES

April 24, 2025

Mr. Bresnahan introduced the following bill; which was referred to the Committee on Small Business

A BILL

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

Section 1. Short title

This Act may be cited as the Capping Excessive Awarding of SBLC Entrants Act or the CEASE Act.

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.