Cosponsor
Sign in

HR 2987 · in committee · significant

CEASE Act of 2025

What this bill does

  • The bill caps the number of for-profit companies authorized to make small business loans under the 7(a) lending program at 16.
  • Small business lending companies and entrepreneurs seeking small business loans are affected by this restriction.
  • The cap takes effect upon enactment with no specified implementation costs or timeline for existing lenders.

Generated by claude-haiku-4-5

Community Threads

Started by Cosponsor

  1. 01

    How would capping for-profit lenders at 16 companies affect small business loan availability and competition in your region?

  2. 02

    What evidence supports the claim that limiting lender competition under the 7(a) program improves outcomes for small business borrowers?

  3. 03

    Should existing lenders beyond the cap of 16 be grandfathered in, or should all lenders compete for those limited slots?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-PA-8

Robert P. Bresnahan, Jr.

Citizen cosponsors

0

In Congress

0/ 435

House Reps cosponsoring

Introduced 2025-06-09

Legislative timeline

  1. 2025-06-09 · senate · IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

  2. 2025-06-05 · house · Floor

    Motion to reconsider laid on the table Agreed to without objection.

  3. 2025-06-05 · house · Floor

    On passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)

  4. 2025-06-05 · Floor

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)

  5. 2025-06-05 · house · Floor

    On motion to recommit Failed by the Yeas and Nays: 201 - 212 (Roll no. 154).

  6. 2025-06-05 · house · Floor

    Considered as unfinished business. (consideration: CR H2493-2494)

  7. 2025-06-05 · house · Floor

    POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 2987, the Chair put the question on motion to recommit and by voice vote, announced that the noes had prevailed. Ms. Velazquez demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.

  8. 2025-06-05 · house · Floor

    The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.

  9. 2025-06-05 · house · Floor

    Ms. Velazquez moved to recommit to the Committee on Small Business. (text: CR H2491)

  10. 2025-06-05 · house · Floor

    The previous question was ordered pursuant to the rule.

  11. 2025-06-05 · house · Floor

    DEBATE - The House proceeded with one hour of debate on H.R. 2987.

  12. 2025-06-05 · house · Floor

    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.

  13. 2025-06-05 · house · Floor

    Considered under the provisions of rule H. Res. 458. (consideration: CR H2489-2491)

  14. 2025-06-04 · house · Floor

    Rule H. Res. 458 passed House.

  15. 2025-06-03 · house · Floor

    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.

  16. 2025-05-21 · house · Calendars

    Placed on the Union Calendar, Calendar No. 79.

  17. 2025-05-21 · house · Committee

    Reported (Amended) by the Committee on Small Business. H. Rept. 119-107.

  18. 2025-05-21 · Committee

    Reported (Amended) by the Committee on Small Business. H. Rept. 119-107.

  19. 2025-04-30 · house · Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.

  20. 2025-04-30 · house · Committee

    Committee Consideration and Mark-up Session Held

  21. 2025-04-24 · house · IntroReferral

    Referred to the House Committee on Small Business.

  22. 2025-04-24 · IntroReferral

    Introduced in House

  23. 2025-04-24 · IntroReferral

    Introduced in House

Congress.gov ↗

Citizen comments

Sign in to comment on this bill.

No comments yet — be the first.