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Bill would cap number of for-profit SBA small business lenders at 16

Passed one chamberH.R. 2987Latest action

Sponsor: Robert P. Bresnahan, Jr. · Representative · PA

AIDecoded by AI · checked against the record
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Official title: CEASE Act of 2025

119th Congress

Topics: Jobs & the economy

Introduced:

Read the official bill on Congress.gov

In plain words

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The CEASE Act of 2025 would legally cap for-profit small business lending companies at 16, up from informal SBA policy.

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What does this do?

This bill would cap the number of for-profit "small business lending companies" (SBLCs) licensed by the SBA at no more than 16 at any time. Nonprofit lenders would not be subject to this cap. It formalizes into law a limit that previously existed only as informal SBA policy.

Who does it affect?

This affects the SBA, current and prospective small business lending companies, and small business owners who rely on SBA-backed 7(a) loans.

Why does it matter?

The cap could limit how many lending companies compete to offer SBA-backed loans, though it does not change borrower eligibility rules.

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Where does it stand?

  1. IntroducedApr 24, 2025
  2. House committee
  3. House vote
  4. SenateYou are here · Jun 9, 2025
  5. The president's desk

Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the president.

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

Data as of October 9, 2026

Recorded votes

Roll-call votes recorded since January 3, 2025.

  1. House · · Roll call 155

    As recorded

    Question
    On Passage
    Result:
    Passed
    214
    Nay
    198
    0
    20

    Republicans 211 yes, 9 not voting · Democrats 3 yes, 198 no, 11 not voting

    Official record
    How members voted

    The official record lists how each member voted.Official record

  2. House · · Roll call 154

    As recorded

    Question
    On
    Result:
    Failed
    201
    Nay
    212
    0
    19

    Republicans 212 no, 8 not voting · Democrats 201 yes, 11 not voting

    Official record
    How members voted

    The official record lists how each member voted.Official record

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