H.R. 2987 — Introduced in House

I 119th CONGRESS 1st Session H. R. 2987 IN THE HOUSE OF REPRESENTATIVES April 24, 2025Mr. 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. 1. Short title This Act may be cited as the Capping Excessive Awarding of SBLC Entrants Act or the CEASE Act. 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. .