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Limiting Small Business Lending Companies

This new law sets a cap on the number of companies authorized to provide loans to small businesses. This aims to regulate the market and ensure stability, which might affect the availability of funding for new and existing small businesses.
Key points
The act limits the number of small business lending companies to a maximum of 16, excluding non-profit entities.
This change could impact competition in the small business lending market, potentially making it harder for new entities to enter.
article Official text account_balance Process page
VOTING RESULTS
2025-06-05
52%
For 214
Against 198
Abstain 0
Full voting results open_in_new
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2987
Sponsor: Rep. Bresnahan, Robert [R-PA-8]
Process start date: 2025-04-24
Voting date: 2025-06-05
Meeting no: 1
Voting no: 155
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

CEASE Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2987.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-04-24.

What are the main provisions?

Key points include:

  • The act limits the number of small business lending companies to a maximum of 16, excluding non-profit entities.
  • This change could impact competition in the small business lending market, potentially making it harder for new entities to enter.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Bresnahan, Robert [R-PA-8].

What is the latest detailed status?

The latest detailed status is: On passage Passed by the Yeas and Nays: 214 - 198 (Roll no. 155). (text of amendment in the nature of a substitute: CR H2489)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy