H.R. 2987: CEASE Act of 2025
Sponsor
Robert Bresnahan
Republican · PA-8
What H.R. 2987 does
H.R. 2987, the CEASE Act, would cap the number of for-profit small business lending companies authorized to make Small Business Administration 7(a) loans at no more than 16 at any time.
How the House voted
Passed · June 5, 20253 Democrats broke with their party to vote yes
Henry Cuellar
Marie Gluesenkamp Perez
Mike ThompsonOn Passage: H R 2987 CEASE Act · Roll no. 155 · Official record
HR2987 Legislative Journey
Committee Action
Jun 9, 2025
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
House: Passed 214-198
Jun 5, 2025
On passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)
+11 more actions this day
House: Passed
Jun 4, 2025
Rule H. Res. 458 passed House.
House: Committee Action
Jun 3, 2025
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.
House: Committee Action
May 21, 2025
Reported (Amended) by the Committee on Small Business. H. Rept. 119-107.
House: Vote: 15-11
Apr 30, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.
About the Sponsor
Robert Bresnahan
Republican, Pennsylvania's 8th congressional district · 1 years in Congress
Committees: Small Business, Agriculture, Transportation and Infrastructure
View full profile →
Committee Sponsors
Small Business and Entrepreneurship Committee
0 of 18 committee members cosponsored
No committee members have cosponsored this bill
Small Business Committee
0 of 26 committee members cosponsored
No committee members have cosponsored this bill
23 Republicans across these committees haven't cosponsored yet. Mobilize their constituents
What laws does H.R. 2987 change?
1 changes
Sections Amended
Section 23 of Small Business Act (15 U.S.C. 650)
adding at the end the following: ``(k) Limitation on Number of Small Business Lending Companies
H.R. 2987 Quick Facts
- Committee
- Small Business and Entrepreneurship
- Chamber
- House
- Policy
- Commerce
- Introduced
- Apr 24, 2025
Passed the House, received in Senate
Jun 9, 2025
H.R. 2987 Bill Text
“To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.”
Source: U.S. Government Publishing Office
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