{"format":1,"id":"119-hr-2987","congress":119,"number":"H.R. 2987","kind":"bill","group":"bills","title":"CEASE Act of 2025","title_source":"Short Title(s) as Passed House","official_title":"To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.","titles":[{"type":"Official Title as Introduced","title":"To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes."},{"type":"Official Title from EH (Engrossed in House) bill text","title":"To amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes."},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"CEASE Act of 2025"},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"Capping Excessive Awarding of SBLC Entrants Act of 2025"},{"type":"Short Title(s) as Passed House","title":"CEASE Act of 2025"},{"type":"Short Title(s) as Passed House","title":"Capping Excessive Awarding of SBLC Entrants Act of 2025"},{"type":"Display Title","title":"CEASE Act of 2025"},{"type":"Short Title(s) as Reported to House","title":"CEASE Act of 2025"},{"type":"Short Title(s) as Reported to House","title":"Capping Excessive Awarding of SBLC Entrants Act of 2025"},{"type":"Short Title(s) as Introduced","title":"Capping Excessive Awarding of SBLC Entrants Act"},{"type":"Short Title(s) as Introduced","title":"CEASE Act"}],"outcome":"passed_house","law_number":null,"introduced":"2025-04-24","chambers":{"house":{"status":"roll_call","date":"2025-06-05","vote":{"id":"119-2025-h155","question":"On Passage","title":"CEASE Act","result":"Passed","yea":214,"nay":198,"present":0,"not_voting":20,"source":"https://clerk.house.gov/evs/2025/roll155.xml"}},"senate":{"status":"pending","date":null,"vote":null}},"president":{"status":"not_yet","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.","date":"2025-06-09"},"nominees":null,"amendments":[],"other_votes":[{"chamber":"house","date":"2025-06-05","question":"On Motion to Recommit","title":"CEASE Act","result":"Failed","yea":201,"nay":212,"present":0,"not_voting":19,"kind":"procedural","source":"https://clerk.house.gov/evs/2025/roll154.xml"}],"crs_summary":{"date":"2025-04-24","stage":"Introduced in House","blocks":[{"k":"h","t":"Capping Excessive Awarding of SBLC Entrants Act or the CEASE Act"},{"k":"p","t":"This bill limits the number of for-profit small business lending companies that are authorized make 7(a) loans to not more than 16 at any time."}],"words":36},"summary":{"main_subject":{"text":"Amends the Small Business Act to require the Administrator to ensure that no more than 16 small business lending companies that are not nonprofit entities are authorized to make loans under section 7 at any time.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/2987/text/eh#H9FDDAD1DE927438ABDBEC910C3239BFC"}]},"core_areas":["Limit on the number of for-profit small business lending companies authorized to make Small Business Act section 7 loans"],"what_it_does":[{"text":"Amends section 23 of the Small Business Act by adding a new subsection (k) at the end.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/2987/text/eh#H9FDDAD1DE927438ABDBEC910C3239BFC"}},{"text":"Requires the Administrator to ensure that not more than 16 small business lending companies that are not nonprofit entities are authorized to make loans under section 7 of the Small Business Act at any time.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/2987/text/eh#H9FDDAD1DE927438ABDBEC910C3239BFC"}},{"text":"Provides that the Act may be cited as the \"Capping Excessive Awarding of SBLC Entrants Act of 2025\" or the \"CEASE Act of 2025\".","cite":{"label":"Sec. 1","href":"https://www.congress.gov/bill/119th-congress/house-bill/2987/text/eh#HC315A3591FC14FF0BDA22D517981701A"}}],"unexpected":[],"version":{"type":"Engrossed in House","date":"2025-06-05","rule":"passed","href":"https://www.congress.gov/bill/119th-congress/house-bill/2987/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-09-29","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/119th-congress/house-bill/2987","text":"https://www.congress.gov/bill/119th-congress/house-bill/2987/text"},"card":{"image":"card/item/119-hr-2987.png","v":"e09f95f72f05","alt":"Votes on Record. H.R. 2987, 119th Congress: CEASE Act of 2025. House: 214 Yea, 198 Nay. Senate: not yet considered. Outcome: Passed House, 5 Jun 2025."}}