Reported in House — H.R. 2987

Union Calendar No. 79

119th CONGRESS

1st Session

H. R. 2987

[Report No. 119–107]

IN THE HOUSE OF REPRESENTATIVES

April 24, 2025

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

May 21, 2025

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Strike out all after the enacting clause and insert the part printed in italic

For text of introduced bill, see copy of bill as introduced on April 24, 2025

A BILL

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

Section 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.

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.