The record

LegislationLegislation· Jun 2025
HR 2987 Passed House — in Senate

Sponsored by Robert Bresnahan (R)

CEASE Act of 2025

Caps the number of for-profit small business lenders authorized to make 7(a) loans at 16.

Tradeoff

Limits competition among for-profit lenders in the Small Business Administration's 7(a) loan program. No funding mechanism or offsetting cuts stated in the bill.

What's in it

See official bill text

The House rejected a the bill on June 5, 2025 (201-212). The House then passed it 214-198 the same day — now in the Senate.

  1. House

    Introduced

    (Apr 24, 2025)

  2. House

    Committee on Small Business(Apr 24, 2025)

  3. House

    The Committee on Small Business voted to send it to the floor

    Reported 15 - 11(Apr 30, 2025)

    Committee report H. Rept. 119-107.

  4. House

    On

    Failed(Roll #154 · Jun 5, 2025)

    201 yeanay 212

  5. House

    Passage of the bill

    Passed(Roll #155 · Jun 5, 2025)

    214 yeanay 198

  6. Senate

    Received from the House

    on Small Business and Entrepreneurship(Jun 9, 2025)

Passage votes so far· Jun 5, 2025· 119th Congress · 2025–2027