HR 2987 - Capping Excessive Awarding of SBLC Entrants (CEASE) Act - National Key Vote
Timeline
- House Bill Passed
- June 5, 2025
- Introduced
- April 24, 2025
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Title: Capping Excessive Awarding of SBLC Entrants (CEASE) Act
Vote Smart's Synopsis:
Vote to pass a bill that limits the number of for-profit small business lending companies that are authorized to make 7(a) loans to not more than 16 at any time.
Highlights:
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Limits the number of for-profit small business lending companies that are authorized to make 7(a) loans to not more than 16 at any time (Sec. 2).
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Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the President (Sec. 2).
Title: Capping Excessive Awarding of SBLC Entrants (CEASE) Act