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H.R. 2987 · 119th Congress

CEASE Act of 2025

Introduced Apr 24, 2025Policy area: Commerce

Read the textOn Congress.gov

Status: Passed House

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Law

Latest action

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

Summary

Capping Excessive Awarding of SBLC Entrants Act or the CEASE Act

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.

Summary by the Congressional Research Service.

Actions

  1. Senate

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

  2. House

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

  3. 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)

  4. House

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

  5. House

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

  6. House

    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.

  7. House

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

  8. House

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

  9. House

    The previous question was ordered pursuant to the rule.

  10. House

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

  11. 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.

  12. House

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

Show 8 earlier actions
  1. House

    Rule H. Res. 458 passed House.

  2. House

    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.

  3. House

    Placed on the Union Calendar, Calendar No. 79.

  4. House

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

  5. House

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

  6. House

    Committee Consideration and Mark-up Session Held

  7. House

    Referred to the House Committee on Small Business.

  8. Introduced in House