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US HB2987
Bill
Status
Engrossed
6/9/2025
Primary Sponsor
Robert Bresnahan
Click for details
AI Summary
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Caps the number of for-profit small business lending companies (SBLCs) authorized to make loans under Section 7 of the Small Business Act at 16 companies at any time
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Exempts nonprofit entities from the 16-company limit, allowing unlimited nonprofit SBLCs to participate in the lending program
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Amends Section 23 of the Small Business Act (15 U.S.C. 650) by adding a new subsection (k) establishing the limitation
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Passed the House of Representatives on June 5, 2025
Legislative Description
CEASE Act of 2025 Capping Excessive Awarding of SBLC Entrants Act of 2025
Commerce
Last Action
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
6/9/2025
Committee Referrals
Small Business And Entrepreneurship6/9/2025
Small Business4/24/2025
Full Bill Text
No bill text available