HR-2987 : Still Just a Bill

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.

Action Timeline

Action DateTypeTextSource
2025-06-09IntroReferralReceived in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.Senate
2025-06-05FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2025-06-05VoteOn passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)House floor actions
2025-06-05VoteOn motion to recommit Failed by the Yeas and Nays: 201 - 212 (Roll no. 154).House floor actions
2025-06-05FloorConsidered as unfinished business. (consideration: CR H2493-2494)House floor actions
2025-06-05FloorPOSTPONED 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.House floor actions
2025-06-05FloorThe previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.House floor actions
2025-06-05FloorMs. Velazquez moved to recommit to the Committee on Small Business. (text: CR H2491)House floor actions
2025-06-05FloorThe previous question was ordered pursuant to the rule.House floor actions
2025-06-05FloorDEBATE - The House proceeded with one hour of debate on H.R. 2987.House floor actions
2025-06-05FloorRule 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.House floor actions
2025-06-05FloorConsidered under the provisions of rule H. Res. 458. (consideration: CR H2489-2491)House floor actions
2025-06-04FloorRule H. Res. 458 passed House.House floor actions
2025-06-03FloorRules 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.House floor actions
2025-05-21CalendarsPlaced on the Union Calendar, Calendar No. 79.House floor actions
2025-05-21CommitteeReported (Amended) by the Committee on Small Business. H. Rept. 119-107.House floor actions
2025-04-30CommitteeOrdered to be Reported (Amended) by the Yeas and Nays: 15 - 11.House committee actions
2025-04-30CommitteeCommittee Consideration and Mark-up Session HeldHouse committee actions
2025-04-24IntroReferralReferred to the House Committee on Small Business.House floor actions
2025-04-24IntroReferralIntroduced in HouseLibrary of Congress

Vote Predictions


Sponsor :

Rep. Bresnahan, Robert [R-PA-8]
See Cosponsors

Policy Area :

Commerce
See Subjects
  • Administrative remedies
  • Government lending and loan guarantees
  • Licensing and registrations
  • Small Business Administration
  • Small business

Related Bills

See Related Bills