H.R. 2987

Summary

H.R. 2987, the CEASE Act of 2025, was introduced in the House on Apr 24, 2025 by Rep. Robert Bresnahan (R). It was referred to Small Business And Entrepreneurship, and last saw action on Jun 9, 2025: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Record

Text

H.R. 2987 has 2 roll calls and 1 amendment.

119 HR 2987 EH: Capping Excessive Awarding of SBLC Entrants Act of 2025
 U.S. House of Representatives
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 IB
 119th CONGRESS  1st Session
 H. R. 2987
 IN THE HOUSE OF REPRESENTATIVES
 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.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Sponsors

Rep. Robert Bresnahan (R) sponsors H.R. 2987 alone.

Robert Bresnahan

Rep. · R–PA-8 · Sponsor

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Committees

H.R. 2987 went before 2 committees: Small Business and Entrepreneurship and Small Business.

Small Business and Entrepreneurship

Small Business and Entrepreneurship

Referred To · Jun 9, 2025 · 80 Bills

Small Business

Small Business

Reported By · May 21, 2025 · 81 Bills

Reports

1 committee report has been filed on H.R. 2987, the latest H. Rept. 119-107.

• H. Rept. 119-107 — CAPPING EXCESSIVE AWARDING OF SBLC ENTRANTS ACT OF 2025

Actions

H.R. 2987 has taken 21 actions since Apr 24, 2025, the latest on Jun 9, 2025.

Votes

H.R. 2987 went to 2 roll calls in the House, the latest on Jun 5, 2025 at 214–198.

Amendments

1 amendment has been offered to H.R. 2987, the latest acted on Jun 5, 2025.

HAMDT 28Pursuant to the provisions of H. Res. 458, the amendment in the nature of a substitute recommended by the Committee on Small Business now printed in the bill is considered as adopted.Jun 5, 2025 · On agreeing to the Rules amendment (A001) Agreed to without objection.

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Related bills

1 bill is related to H.R. 2987, as Procedurally related.

HRES 458Providing for consideration of the bill (H.R. 2483) to reauthorize certain programs that provide for opioid use disorder prevention, treatment, and recovery, and for other purposes; providing for consideration of the bill (H.R. 2931) to direct the Administrator of the Small Business Administration to relocate certain offices of the Small Business Administration in sanctuary jurisdictions, and for other purposes; providing for consideration of the bill (H.R. 2966) to require the Administrator of the Small Business Administration to require an applicant for certain loans of the Administration to provide certain citizenship status documentation, and for other purposes; and providing for consideration of 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 purposes.Jun 4, 2025 · Motion to reconsider laid on the table Agreed to without objection. · Procedurally related

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Titles

H.R. 2987 goes by 11 titles, 8 of them short titles.

• To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes. — Official Titles from EH (Engrossed in House) bill text
• CEASE Act of 2025 — Short Titles from RFS (Referred to Senate) bill text
• To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes. — Official Title as Introduced
• Capping Excessive Awarding of SBLC Entrants Act of 2025 — Short Titles from RFS (Referred to Senate) bill text
• Capping Excessive Awarding of SBLC Entrants Act of 2025 — Short Title(s) as Passed House
• CEASE Act of 2025 — Short Title(s) as Passed House
• CEASE Act of 2025 — Display Title
• CEASE Act of 2025 — Short Title(s) as Reported to House
• Capping Excessive Awarding of SBLC Entrants Act of 2025 — Short Title(s) as Reported to House
• Capping Excessive Awarding of SBLC Entrants Act — Short Title(s) as Introduced
• CEASE Act — Short Title(s) as Introduced

Lobbying

5 clients hired 5 firms and 64 registered lobbyists who named H.R. 2987 in 18 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Small Business, Budget/Appropriations, Agriculture, Housing, Taxation/Internal Revenue Code, Accounting, Bankruptcy.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 64.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 2987 under Commerce, one of its 31 policy areas, and gives it 3 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 2987’s is Commerce.

Legislative Subjects

H.R. 2987 carries 3 of CRS’s legislative subjects, from Government lending and loan guarantees to Small business.

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 2987, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 69 (Thursday, April 24, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BRESNAHAN:H.R. 2987.Congress has the power to enact this legislation pursuantto the following:``Clause 1 of section 8 of article I of the Constitution,to ``provide for the common defense and general welfare ofthe United States.''[Page H1624]

Source: congress.gov · legiscan.com