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H.R. 2987 House Commerce

Capping Excessive Awarding of SBLC Entrants Act

Introduced
Apr 24, 2025
Sponsor
Rep. Bresnahan, Robert (R-PA-8)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on small business and entrepreneurship on Jun 9, 2025.

  1. House Introduced in House Apr 24, 2025
  2. House Referred to the House Committee on Small Business. Apr 24, 2025
  3. House Committee Consideration and Mark-up Session Held Apr 30, 2025
  4. House Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11. Apr 30, 2025
  5. House Reported (Amended) by the Committee on Small Business. H. Rept. 119-107. May 21, 2025
  6. House Placed on the Union Calendar, Calendar No. 79. May 21, 2025
  7. 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. Jun 3, 2025
  8. House Rule H. Res. 458 passed House. Jun 4, 2025
  9. House Considered under the provisions of rule H. Res. 458. (consideration: CR H2489-2491) Jun 5, 2025
  10. 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. Jun 5, 2025
  11. House DEBATE - The House proceeded with one hour of debate on H.R. 2987. Jun 5, 2025
  12. House The previous question was ordered pursuant to the rule. Jun 5, 2025
  13. House Ms. Velazquez moved to recommit to the Committee on Small Business. (text: CR H2491) Jun 5, 2025
  14. House The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX. Jun 5, 2025
  15. 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. Jun 5, 2025
  16. House Considered as unfinished business. (consideration: CR H2493-2494) Jun 5, 2025
  17. House On motion to recommit Failed by the Yeas and Nays: 201 - 212 (Roll no. 154). Jun 5, 2025
  18. House Passed/agreed to in 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) Jun 5, 2025
  19. 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) Jun 5, 2025
  20. House Motion to reconsider laid on the table Agreed to without objection. Jun 5, 2025
  21. House
    On Motion to Recommit Jun 5, 2025
    Defeated Yea 201 Nay 212 Roll Call
  22. House
    On Passage Jun 5, 2025
    Agreed Yea 214 Nay 198 Roll Call
  23. Senate Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. Jun 9, 2025

Subjects

Government lending and loan guaranteesLicensing and registrationsSmall business

Committees

  • Small Business and Entrepreneurship Committee
    • [Referred To, Jun 9, 2025]
  • Small Business Committee
    • [Unknown, Jun 5, 2025]
    • [Unknown, Jun 5, 2025]
    • [Reported By, May 21, 2025]
    • [Markup By, Apr 30, 2025]
    • [Referred To, Apr 24, 2025]

Summary

Capping Excessive Awarding of SBLC Entrants Act or the CEASE ActThis 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 as of: Introduced in House]

Bill Text

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