119 HR 2987 IH: Capping Excessive Awarding of SBLC Entrants Act U.S. House of Representatives 2025-04-24 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 2987IN THE HOUSE OF REPRESENTATIVESApril 24, 2025Mr. Bresnahan introduced the following bill; which was referred to the Committee on Small BusinessA BILLTo amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.

1.

Short title

This Act may be cited as the Capping Excessive Awarding of SBLC Entrants Act or the CEASE Act.

2.

Limitation on number of small business lending companies

Section 23 of the Small Business Act (15 U.S.C. 650) is amended by adding at the end the following:(k)

Limitation on number of small business lending companies

The Administrator shall ensure that not more than 16 small business lending companies that are not nonprofit entities are authorized to make loans under section 7 at any time..